Summer Institute for Communications and Marketing Pre-Institute Sessions-Gift Agreements and Compliance

Gift Agreements and Compliance - Harrell McCrory 2023 Final

Pdf Summary

This document provides information on gift agreements and compliance in the context of fundraising for educational institutions. It emphasizes the importance of recording donor intent and explains various ways to document donor intent such as through letters, solicitations, and formal written agreements. The document also highlights the benefits of gift agreements, including increased donor trust and the ability to administer gifts according to donor intent. It warns of the risks associated with poorly executed agreements, such as unspent or overspent funds and donor dissatisfaction. <br /><br />The document goes on to discuss the elements of healthy gift agreements, including clear and sufficient revenue sources, broad and flexible terms, legal and reasonable terms, and adherence to academic and business policies. It emphasizes the need for proactive education and communication to improve compliance. <br /><br />The document also provides information on preferences versus requirements in gift agreements and addresses restrictions or limitations based on citizenship, gender, religious beliefs, and marital status/children. It advises against certain language in gift agreements and explains the importance of adhering to the Uniform Prudent Management of Institutional Funds Act (UPMIFA). <br /><br />The appendix of the document delves into technical aspects of gift agreements, including parties involved, funding source information, fund structure, use information, fund administration information, governing laws, and UPMIFA language for future considerations. It also mentions various laws, policies, and regulations that institutions need to consider when creating gift agreements, such as equal opportunity and non-discrimination policies and the Title IX and Title VI of the Civil Rights Act. <br /><br />Overall, the document provides a comprehensive overview of gift agreements and compliance, offering guidance and best practices for educational institutions in managing their fundraising efforts.

Keywords

gift agreements

compliance

fundraising

educational institutions

donor intent

documenting donor intent

gift agreement benefits

risks of poorly executed agreements

elements of healthy gift agreements

proactive education and communication