Gift Acceptance Policy

As a 501(c) 3 non-profit organization the South Park Youth Football and Cheer (SPYFC) relies on charitable contributions to fulfill its mission. SPYFC, in soliciting or accepting gifts, shall clearly represent the organization’s policies and mission which might pertain to this exchange and honor all statements about the use of the contribution. SPYFC shall always disclose to potential donors important and relevant information. Every gift will be promptly acknowledged, and donors will be informed of how the gift will be recognized. Specific requests about acknowledgment will be honored consistent with SPYFC’s practices and policies. SPYFC reserves the right to refuse a gift if it is determined to be in conflict with the Agency’s mission. This policy pertains to sponsored and/or collaborating projects of SPYFC.

1. Your contribution may be designated for a specific program or it may be left undesignated, available for meeting the Agency’s highest priorities. If you wish your gift to be restricted, be sure to indicate your preference in a cover letter.

2. SPYFC will not, in most cases, assume any indebtedness in connection with a gift. Exceptions to the contrary must be approved on a case-by-case basis by the Board.

3. Contributions must support and enhance the mission and purpose of SPYFC. Contributions which subject the organization to burdensome or unusual restrictions will not be accepted.

4. Associated expenses with the conveyance of a gift made to SPYFC are to be borne by the donor.

5. SPYFC will assume that donors rely on their own personal advisors for tax, legal, financial and other advice concerning their gifts.

Gifts of Cash:

SPYFC will accept gifts of cash to support the mission of the organization. Your contribution may be designated for a specific program or it may be left undesignated, available for meeting the Agency’s highest priorities. If you wish your gift to be restricted, be sure to indicate your preference both on your check and in a cover letter.

Gifts of Equipment/Furniture:

SPYFC will accept gifts of new or used equipment/furniture that are determined to be of use to the Organization. The Board shall make that determination.

Gifts of Airline Tickets or Air Miles:

SPYFC will NOT accept gifts of tickets or air miles.

Gifts of Securities:

SPYFC will accept gifts of publicly traded securities, including stocks, mutual funds, municipal and corporate bonds, and treasury bills and notes. SPYFC staff and/or advisors will verify the ownership of the security, handle the transfer of ownership, and establish a value for deferred gift calculation purposes, as well as handle the sale, liquidation and/or investment processes related to securities. Such gifts will be reviewed by the Board and such securities shall be sold immediately upon receipt.

Gifts of Real Estate:

Real estate gifts can include personal residences, rental properties, office buildings, land, and other structures. As real estate can be highly illiquid, costly to maintain, and have pre-existing conditions attached to it, any gifts of real estate will be carefully scrutinized and the decision to accept or decline the gift will be made by the Board. The property shall be physically inspected by a representative of SPYFC along with a property management consultant. The inspection is to identify any environmental, financial, legal, marketing or public relations risks, hazards or liabilities. If deemed necessary by the consultant, an environmental survey may be recommended before a gift can be accepted. The cost of the survey shall be borne by the donor. Upon review of the survey, the consultant shall recommend acceptance or declination of the gift. Unless otherwise negotiated, gifts of property will be converted into cash at the earliest opportunity keeping in mind current market conditions and the use of property in the accomplishments of the mission of SPYFC. Gift will not be accepted that may expose SPYFC to material or personal liabilities as owners of the property. If property is encumbered by indebtedness, the donor will be requested to provide for the payment of carrying costs until the property is liquidated.

Gifts of Personal Property:

Potential contributions include art, antiques, jewelry, automobiles, etc. SPYFC staff or professional advisors, when appropriate, will review the marketability, accurateness of appraisal and capabilities of SPYFC to safeguard these assets until liquidation. Serious valuation problems exist in a number of proposed gifts of personal property, especially with art or other “collectibles.” Efforts must be made to obtain a bona fide appraisal or documentation of fair market value before the gift can be accepted.