GIFT ACCEPTANCE POLICY
Whereas, there is the potential for controversy if certain gifts are accepted, the organization has adopted the following Gift Acceptance Policy: When considering whether to solicit or accept gifts, the organization will consider the following factors:
□ Values - Whether the acceptance of the gift compromises any of the core values of New Healthcare Concepts, Inc.
□ Compatibility - Whether there is compatibility between the intent of the donor and the organization’s use of the gift.
□ Public Relationships - Whether acceptance of the gift will damage the reputation of New Healthcare Concepts, Inc.
□ Primary Benefit - Whether the primary benefit is to New Healthcare Concepts, Inc. versus the donor.
□ Consistency—Is acceptance of the gift consistent with prior practice?
□ Form of Gift—Is the gift offered in a form that New Healthcare Concepts, Inc. can use without incurring substantial expense or difficulty?
□ Effect on Future Giving—Will the gift encourage or discourage future gifts?
All decisions to solicit and/or accept potentially controversial gifts will be made by the Board of Directors in consultation with the Chief Executive Officer. The primary consideration will be the impact of the gift on the organization.
New Healthcare Concepts, Inc. solicits and accepts gifts that are consistent with its mission and that support its core programs, as well as, special projects. Donations and other forms of support will generally be accepted from individuals, partnerships, corporations, foundations, government agencies, or other entities, subject to New Healthcare Concepts, Inc.’s gift acceptance policies and guidelines.
New Healthcare Concepts, Inc. urges all prospective donors to seek the assistance of personal legal and financial advisors in matters relating to their gifts, including the resulting tax and estate planning consequences. The following policies and guidelines govern acceptance of gifts made to New Healthcare Concepts, Inc. for the benefit of any of its operations, programs, or services.
Use of Legal Counsel - New Healthcare Concepts, Inc. will seek the advice of legal counsel in matters relating to acceptance of gifts when appropriate. Review by counsel is recommended for:
A. Gifts of securities that are subject to restrictions or buy-sell agreements.
B. Documents naming New Healthcare Concepts, Inc. as trustee or requiring New Healthcare Concepts, Inc. to act in any fiduciary capacity.
C. Gifts requiring New Healthcare Concepts, Inc. 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.
Restrictions on Gifts—New Healthcare Concepts, Inc. will not accept gifts that
(a) would result in New Healthcare Concepts, Inc. violating its corporate articles and by-laws,
(b) would result in New Healthcare Concepts, Inc. losing its status as an IRS § 501(c)(3) not-for-profit organization,
(c) are too difficult or too expensive to administer in relation to their value,
(d) would result in any unacceptable consequences for New Healthcare Concepts, Inc., or
(e) are for purposes outside New Healthcare Concepts, Inc.’s mission. Decisions on the restrictive nature of a gift, and its acceptance or refusal, shall be made by the Board of Directors, in consultation with the Chief Executive Officer.
Gifts Generally Accepted Without Review
Cash. Cash gifts are acceptable in any form, including by check, money order, credit card, or on-line. Donors wishing to make a gift by credit card must provide the card type (e.g., Visa, MasterCard, American Express), card number, expiration date, and name of the card holder as it appears on the credit card. If a cash donation is found to have been given by an individual or business that is conducting illegal acts or has a belief that is not morally ethical, New Healthcare Concepts has the right to refuse or refund the donation.
Marketable Securities. Marketable securities may be transferred electronically to an account maintained at one or more brokerage firms or delivered physically with the transferor's endorsement or signed stock power (with appropriate signature guarantees) attached. All marketable securities will be sold promptly upon receipt unless otherwise directed by New Healthcare Concepts, Inc.’s Executive Committee, in consultation with the New Healthcare Concepts, Inc.’s Controller of Finances. In some cases, marketable securities may be restricted, for example, by applicable securities laws or the terms of the proposed gift; in such instances the decision whether to accept the restricted securities shall be made by the Executive Committee.
Bequests and Beneficiary Designations under Revocable Trusts, Life Insurance Policies, Commercial Annuities, and Retirement Plans. Donors are encouraged to make bequests to New Healthcare Concepts, Inc. under their wills, and to name New Healthcare Concepts, Inc. as the beneficiary under trusts, life insurance policies, commercial annuities, and retirement plans.
Charitable Remainder Trusts. New Healthcare Concepts, Inc. will accept designation as a remainder beneficiary of charitable remainder trusts.
Charitable Lead Trusts. New Healthcare Concepts, Inc. will accept designation as an income beneficiary of charitable lead trusts.
Gifts Accepted Subject to Prior Review
Certain forms of gifts or donated properties may be subject to review prior to acceptance.
Examples of gifts subject to prior review include, but are not limited to:
Tangible Personal Property. The Executive Committee shall review and determine whether to accept any gifts of tangible personal property in light of the following considerations: does the property further the organization’s mission? Is the property marketable? Are there any unacceptable restrictions imposed on the property? Are there any carrying costs for the property for which the organization may be responsible? Is the title/provenance of the property clear?
Life Insurance. New Healthcare Concepts, Inc. will accept gifts of life insurance where New Healthcare Concepts, Inc. is named as both beneficiary and irrevocable owner of the insurance policy. The donor must agree to pay, before due, any future premium payments owing on the policy.
Real Estate. All gifts of real estate are subject to review by the Executive Committee. Prior to acceptance of any gift of real estate other than a personal residence, New Healthcare Concepts, Inc. shall require an initial environmental review by a qualified environmental firm. New Healthcare Concepts, Inc. will be responsible for the costs of the initial environmental review by a qualified environmental firm. If the initial review reveals a potential problem, the organization may retain a qualified environmental firm to conduct an environmental audit. New Healthcare Concepts, Inc. will be responsible for the costs of the environmental audit by a qualified environmental firm. Criteria for acceptance of gifts of real estate include: Is the property useful for the organization’s purposes? Is the property readily marketable? Are there covenants, conditions, restrictions, reservations, easements, encumbrances, or other limitations associated with the property? Are there carrying costs (including insurance, property taxes, mortgages, notes, or the like) or maintenance expenses associated with the property? Does the environmental review or audit reflect that the property is damaged or otherwise requires remediation?
□ Values - Whether the acceptance of the gift compromises any of the core values of New Healthcare Concepts, Inc.
□ Compatibility - Whether there is compatibility between the intent of the donor and the organization’s use of the gift.
□ Public Relationships - Whether acceptance of the gift will damage the reputation of New Healthcare Concepts, Inc.
□ Primary Benefit - Whether the primary benefit is to New Healthcare Concepts, Inc. versus the donor.
□ Consistency—Is acceptance of the gift consistent with prior practice?
□ Form of Gift—Is the gift offered in a form that New Healthcare Concepts, Inc. can use without incurring substantial expense or difficulty?
□ Effect on Future Giving—Will the gift encourage or discourage future gifts?
All decisions to solicit and/or accept potentially controversial gifts will be made by the Board of Directors in consultation with the Chief Executive Officer. The primary consideration will be the impact of the gift on the organization.
New Healthcare Concepts, Inc. solicits and accepts gifts that are consistent with its mission and that support its core programs, as well as, special projects. Donations and other forms of support will generally be accepted from individuals, partnerships, corporations, foundations, government agencies, or other entities, subject to New Healthcare Concepts, Inc.’s gift acceptance policies and guidelines.
New Healthcare Concepts, Inc. urges all prospective donors to seek the assistance of personal legal and financial advisors in matters relating to their gifts, including the resulting tax and estate planning consequences. The following policies and guidelines govern acceptance of gifts made to New Healthcare Concepts, Inc. for the benefit of any of its operations, programs, or services.
Use of Legal Counsel - New Healthcare Concepts, Inc. will seek the advice of legal counsel in matters relating to acceptance of gifts when appropriate. Review by counsel is recommended for:
A. Gifts of securities that are subject to restrictions or buy-sell agreements.
B. Documents naming New Healthcare Concepts, Inc. as trustee or requiring New Healthcare Concepts, Inc. to act in any fiduciary capacity.
C. Gifts requiring New Healthcare Concepts, Inc. 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.
Restrictions on Gifts—New Healthcare Concepts, Inc. will not accept gifts that
(a) would result in New Healthcare Concepts, Inc. violating its corporate articles and by-laws,
(b) would result in New Healthcare Concepts, Inc. losing its status as an IRS § 501(c)(3) not-for-profit organization,
(c) are too difficult or too expensive to administer in relation to their value,
(d) would result in any unacceptable consequences for New Healthcare Concepts, Inc., or
(e) are for purposes outside New Healthcare Concepts, Inc.’s mission. Decisions on the restrictive nature of a gift, and its acceptance or refusal, shall be made by the Board of Directors, in consultation with the Chief Executive Officer.
Gifts Generally Accepted Without Review
Cash. Cash gifts are acceptable in any form, including by check, money order, credit card, or on-line. Donors wishing to make a gift by credit card must provide the card type (e.g., Visa, MasterCard, American Express), card number, expiration date, and name of the card holder as it appears on the credit card. If a cash donation is found to have been given by an individual or business that is conducting illegal acts or has a belief that is not morally ethical, New Healthcare Concepts has the right to refuse or refund the donation.
Marketable Securities. Marketable securities may be transferred electronically to an account maintained at one or more brokerage firms or delivered physically with the transferor's endorsement or signed stock power (with appropriate signature guarantees) attached. All marketable securities will be sold promptly upon receipt unless otherwise directed by New Healthcare Concepts, Inc.’s Executive Committee, in consultation with the New Healthcare Concepts, Inc.’s Controller of Finances. In some cases, marketable securities may be restricted, for example, by applicable securities laws or the terms of the proposed gift; in such instances the decision whether to accept the restricted securities shall be made by the Executive Committee.
Bequests and Beneficiary Designations under Revocable Trusts, Life Insurance Policies, Commercial Annuities, and Retirement Plans. Donors are encouraged to make bequests to New Healthcare Concepts, Inc. under their wills, and to name New Healthcare Concepts, Inc. as the beneficiary under trusts, life insurance policies, commercial annuities, and retirement plans.
Charitable Remainder Trusts. New Healthcare Concepts, Inc. will accept designation as a remainder beneficiary of charitable remainder trusts.
Charitable Lead Trusts. New Healthcare Concepts, Inc. will accept designation as an income beneficiary of charitable lead trusts.
Gifts Accepted Subject to Prior Review
Certain forms of gifts or donated properties may be subject to review prior to acceptance.
Examples of gifts subject to prior review include, but are not limited to:
Tangible Personal Property. The Executive Committee shall review and determine whether to accept any gifts of tangible personal property in light of the following considerations: does the property further the organization’s mission? Is the property marketable? Are there any unacceptable restrictions imposed on the property? Are there any carrying costs for the property for which the organization may be responsible? Is the title/provenance of the property clear?
Life Insurance. New Healthcare Concepts, Inc. will accept gifts of life insurance where New Healthcare Concepts, Inc. is named as both beneficiary and irrevocable owner of the insurance policy. The donor must agree to pay, before due, any future premium payments owing on the policy.
Real Estate. All gifts of real estate are subject to review by the Executive Committee. Prior to acceptance of any gift of real estate other than a personal residence, New Healthcare Concepts, Inc. shall require an initial environmental review by a qualified environmental firm. New Healthcare Concepts, Inc. will be responsible for the costs of the initial environmental review by a qualified environmental firm. If the initial review reveals a potential problem, the organization may retain a qualified environmental firm to conduct an environmental audit. New Healthcare Concepts, Inc. will be responsible for the costs of the environmental audit by a qualified environmental firm. Criteria for acceptance of gifts of real estate include: Is the property useful for the organization’s purposes? Is the property readily marketable? Are there covenants, conditions, restrictions, reservations, easements, encumbrances, or other limitations associated with the property? Are there carrying costs (including insurance, property taxes, mortgages, notes, or the like) or maintenance expenses associated with the property? Does the environmental review or audit reflect that the property is damaged or otherwise requires remediation?