Transforming Lives • Strengthening Community

Gift Acceptance Policy

Revised April 3, 2014

This document sets forth the policy that Assistance League of Minneapolis/St. Paul shall adhere to with respect to the steps to be followed for accepting gifts for the organization.

General Statements

Any individual, corporation or business may make a contribution to the chapter.  Donations may be monetary or in-kind.  Gifts in-kind are non-cash donations such as:  donated services from professionals, donated facilities and utilities, items donated for use at a fundraising event, equipment, land, buildings, etc. for use by the chapter, inventory and materials to be used for philanthropic programs.   Goods/merchandise donated to the thrift shop for future sale are not included in this policy.

All gifts not readily convertible to cash and gifts restricted to a purpose outside our normal programs will be first reviewed by the Gift Development and Review committee before acceptance by the chapter.

We appreciate all considerations of a gift to Assistance League® of Minneapolis/St. Paul.  Please contact our Vice President Resource Development, resources@assistanceleaguemsp.org, for assistance in planning and completing your gift.

Purpose

This policy serves as a guideline for the ALMSP membership, outside advisors who assist in the gift planning process, and prospective donors who wish to make restricted or unrestricted gifts to ALMSP.

ALMSP actively solicits and accepts donations that are consistent with its mission and that support its programs and projects.  ALMSP reserves the right to refuse a donation if it is determined to be outside of the organization’s mission or deemed unreasonable to administer.

Donors should be aware that while items may be accepted for use, our needs sometimes change.  Therefore ALMSP reserves the right to sell, donate to another philanthropic organization, recycle or dispose of, or return the gift to the donor.

Guidelines

Assistance League® of Minneapolis/St. Paul

  • Is committed to respecting the privacy wishes of all individuals and organizations making a donation to ALMSP.  Please see our Donor Privacy Policy for details.
  • Urges all prospective donors to seek the assistance of personal legal and financial advisors in matters relating to their gift and the resulting tax and estate planning consequences.  This may include an appraisal and all such costs shall be covered by the donor.
  • Will, at its own expense, seek the advice of legal counsel as necessary.
  • Has created a Gift Development and Review committee that is responsible for reviewing, accepting, and making recommendations on gift acceptance issues when appropriate.

 Types of Gifts

Following the guidelines and recommendations of the Gift Development and Review committee, ALMSP may accept donations including but not limited to:

  • Cash
  • Stocks and securities
  • Mutual fund shares
  • Distributions from retirement plans
  • Tangible personal property
  • Real Estate
  • Planned gifts and memorials (Bequests)
  • Charitable Remainder Trusts
  • Charitable Lead Trusts
  • Life Insurance Beneficiary Designations

Please contact us if you are interested in making an endowment gift.

© ASSISTANCE LEAGUE® OF MINNEAPOLIS / ST. PAUL. ALL RIGHTS RESERVED.   |    INTERNET & DONOR PRIVACY POLICIES
Thanks to Debra Fisher Goldstein Photography for many of our photos.

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