Irene, Peggy-Jean, and Geraldine Charity (“IPGC”) is a 501(c)(3) organization committed to supporting the human obligation to ensure educational equity and comfort the grief stricken. IPGC welcomes gifts that are consistent with its mission and help further its programs. As such the following guidelines are established for accepting gifts:
1. IPGC will accept donations and other forms of support from individuals, partnerships, corporations, foundations, government agencies, or other entities, subject to the following limitations.
a. The gift must fall in line with IPGC core values.
b. The donor’s intent must be compatible with the IPGC mission.
c. The gift to be accepted will not damage IPGC’s reputation.
d. The primary benefit must be to IPGC rather than the donor.
e. The gift offered must be in a form that IPGC can use without incurring substantial expense or difficulty.
2. IPGC will seek the advice of legal counsel in matters relating to acceptance of gifts when appropriate. These matters include but are not limited to the following.
a. Gifts of securities that are subject to restrictions or buy-sell agreements.
b. Documents naming IPGC as a trustee or requiring IPGC to act in any fiduciary capacity.
c. Gifts that require IPGC to assume financial or other obligations.
d. Transactions with potential conflicts of interest.
e. Gifts of property which may be subject to environmental or other regulatory restrictions.
3. IPGC will not accept gifts that.
a. Would result in IPGC violating its corporate bylaws.
b. Would result in IPGC losing its status as an IRS 501(c)(3) organization.
c. Would result in any unacceptable consequences for IPGC.
4. IPGC will accept the following gifts.
a. Cash Gifts: IPGC accepts gifts of cash, checks, and credit card payments.
b. Marketable Securities: IPGC accepts gifts of marketable securities, including stocks, bonds, and mutual funds.
c. Real Estate: IPGC accepts gifts of real estate, subject to review by the Board of Directors.
d. Personal Property: IPGC accepts gifts of personal property, including artwork, jewelry, and other tangible items, subject to review by the Board of Directors.
e. Bequests: IPGC accepts bequests from donors who wish to make a gift through their will or estate plan.
f. Other Gifts: IPGC may accept other gifts on a case-by-case basis, subject to review by the Board of Directors.
5. Donor Advised Gifts & Endowments: IPGC accepts donor advised gifts and endowments based on the stipulations in a written agreement approved by the board of directors
6. IPGC reserves the right to decline any gift that does not align with its mission or values, or that would create a financial or legal liability for the organization.
All gifts to the Charity are tax-deductible to the extent allowed by law. Donors are encouraged to consult with their tax advisors regarding the tax implications of their gifts.
This policy is intended to provide guidance to IPGC’s Board of Directors, staff, and volunteers, and may be amended from time to time as needed.