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Gift Acceptance Policy

  • Reading Partners solicits and accepts gifts that are consistent with its mission and core values, and that support its core programs, as well as special projects. 
  • Reading Partners will not accept gifts that: 
    • Would result in Reading Partners violating its corporate charter;
    • Would result in Reading Partners losing its status as an IRS 501(c)(3) not-for-profit organization;
    • Are too difficult or too expensive to administer in relation to their value;
    • Would result in any unacceptable consequences for Reading Partners; or
    • Are for purposes outside Reading Partners’ mission. 
  • Donations and other forms of support will generally be accepted from individuals, partnerships, corporations, foundations, government agencies, or other entities subject to the considerations above.
  • Gifts requiring review include:
    • Gifts of securities that are subject to restrictions or buy-sell agreements.
    • Documents naming Reading Partners as trustee or requiring Reading Partners to act in any fiduciary capacity.
    • Gifts requiring Reading Partners to assume financial or other obligations.
    • Transactions with potential conflicts of interest.
    • Gifts of property which may be subject to environmental or other regulatory restrictions.
  • Decisions on the restrictive nature of a gift, and its acceptance or refusal, shall be made by the Executive Committee of the Board in consultation with the CEO.
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