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Article 6: Funds

Section 2: Gifts

The Board of Directors may accept on behalf of the corporation any contribution, gift, bequest, or devise for the charitable or public purposes of this corporation. A log of all gifts shall be kept, specifying the Name of the donor, Address of the donor, Date of donation, Amount of donation, Route by which the gift was received, and Receipt number. Gifts of $1,000 or less, carrying no stipulations or restrictions, do not require review or approval by the Board of Directors, but all gifts over $1,000 or which carry stipulations or restrictions do require such review and approval by the Board of Directors. Gifts without stipulations or restrictions shall be placed directly into a Gift Pool to be disbursed as the Board shall determine and rule.