To establish a Policy for acceptance and disposition of all non-cash gifts, e. g., real estate, computers, printers, vehicles to Chapel.
SCOPE:
This Policy shall apply to all gifts to Chapel valued at more than $500, other than cash and/or securities.
PROCEDURE:
- All non-cash gifts exceeding $500 in value shall be sold, for the best possible price, unless a specific use is proposed. If sold, the cash received shall be applied to the appropriate designated account. If a gift is not designated, the proceeds should be applied to the general operating fund.
- If there is an unusual aspect or question regarding the gift, the Session shall be consulted. The Session pursuant to the Book of Order G-7.0402, has the authority to direct the recipient of the gift regarding the acceptance or rejection of any gift or bequest for the use and benefit of Chapel.
- If a Committee proposes a specific use, their recommendation shall be presented to the Session for its decision.
RESPONSIBILITY:
The Communication and Resources Team and ultimately the Session shall be responsible for the acceptance or rejection of a gift and the utilization of that gift.
LAST REVIEWED 2008
