Description
Gift acceptance policy for a Canadian non-profit lender. Covers: board authority over acceptance and disposition; acceptable, restricted and prohibited gifts; cash and non-cash gifts; valuation of in-kind donations; issuing accurate receipts and CRA receipting rules where the organization is a qualified donee; donor restrictions and designated funds; anonymous donations; due diligence and reputational checks; conflict of interest in gift acceptance; right to decline; and recordkeeping.
