Recorded November 27, 2012
This webinar covered a wide range of topics, from desired and required acknowledgments through disposition of gifted property. The value of gift agreements to reduce the likelihood of misunderstanding and blaze a pathway to true understanding with the donors was discussed. Through a review of sample gift agreements the discussion focused on the key provisions to protect both the donor and the charity, particularly where the gift is given for restricted purposes for endowment or for a special project. The discussion included proper recognition, naming rights, advisory rights, variance powers, a “morals clause” and enforcement provisions.
Also discussed, the administration of charitable gift annuities and charitable trusts, making investment and spending policy decisions under the Uniform Prudent Management of Institutional Funds Act, rights of donors and their families to sue, and maintaining relationships with the state Attorney General.
With charities coming up on the busiest season of the year for charitable giving, don't miss this opportunity to develop a check-list to protect the charity and improve its relations with donors.
The program was presented by Nonprofit Issues® editor Don Kramer and Charles Sterne III, Director of Principal Gifts and Planned Giving at the Curtis Institute of Music in Philadelphia. The webinar was moderated by Tish Mogan, Standards of Excellence Officer of the Pennsylvania Association of Nonprofit Organizations.
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