Gift Acceptance Policy

Sonnyview ATA, Inc. will not solicit or accept gifts that (a) would result in Sonnyview ATA, Inc. violating its corporate charter, (b) would result in Sonnyview ATA, Inc. losing its status as an IRC § 501(c)(3) not-for-profit organization, (c) would compromise any of the core values of Sonnyview ATA, Inc., (d) would damage the reputation of Sonnyview ATA, Inc., (e) would result in any unacceptable consequences for Sonnyview ATA, Inc., (f) would not primarily benefit Sonnyview ATA, Inc., versus the donor, (g) would not be consistent with prior practices, (h) would discourage future gifts, (i) are too difficult or too expensive to administer in relation to their value, or (j) are for purposes outside Sonnyview ATA, Inc.’s mission. Decisions on the restrictive nature of a gift, and its acceptance or refusal, shall be made by the Board of Directors, in consultation with the Executive Director, where applicable. The primary consideration will be the impact of the gift on the organization.

• Cash. Cash gifts are acceptable in any form, including by check, money order, credit card, or on-line. Donors wishing to make a gift by credit card must provide the card type (e.g., Visa), card number, expiration date, and name of the card holder as it appears on the credit card.

• In-kind. In-kind donations, including gifts or contributions of goods like computers, software, furniture, and office equipment, in new or like-new condition, for use by the organization, or services in the form of Professional services, including graphic design, web development, bookkeeping, accounting, writing, marketing, event planning, legal, etc. Along with time and expertise are eagerly accepted. Some in-kind donations may require review prior to acceptance by the Board of Directors to assure that Sonnyview ATA, Inc. is best suited for acceptance.

Certain forms of gifts or donated properties may be subject to review prior to acceptance. Examples of gifts subject to prior review include but are not limited to:

• Marketable Securities. Marketable securities may be transferred electronically to an account maintained at one or more brokerage firms or delivered physically with the transferor's endorsement or signed stock power (with appropriate signature guarantees) attached. All marketable securities will be sold promptly upon receipt unless otherwise directed by [Name of Organization]’s Investment Committee. In some cases, marketable securities may be restricted, for example, by applicable securities laws or the terms of the proposed gift; in such instances the decision whether to accept the restricted securities shall be made by the Executive Committee.

• Bequests and Beneficiary Designations under Revocable Trusts, Life Insurance Policies, Commercial Annuities and Retirement Plans. Donors are encouraged to make bequests to Sonnyview ATA, Inc. under their wills, and to name Sonnyview ATA, Inc. as the beneficiary under trusts, life insurance policies, commercial annuities, and retirement plans.

• Charitable Remainder Trusts. Sonnyview ATA, Inc. will accept designation as a remainder beneficiary of charitable remainder trusts.

• Charitable Lead Trusts. Sonnyview ATA, Inc. will accept designation as an income beneficiary of charitable lead trusts.

• Tangible Personal Property. The Board of Directors shall review and determine whether to accept any gifts of tangible personal property in light of the following considerations: does the property further the organization’s mission? Is the property marketable or beneficial in furthering the organization's purposes? Are there any unacceptable restrictions imposed on the property? Are there any carrying costs for the property for which the organization may be responsible? Is the title/provenance of the property clear?

• Life Insurance. Sonnyview ATA, Inc. will accept gifts of life insurance where Sonnyview ATA, Inc. is named as both beneficiary and irrevocable owner of the insurance policy. The donor must agree to pay, before due, any future premium payments owing on the policy.

• Real Estate. All gifts of real estate are subject to review by the Executive Committee. Prior to acceptance of any gift of real estate other than a personal residence, Sonnyview ATA, Inc. shall require an initial environmental review by a qualified environmental firm. In the event that the initial review reveals a potential problem, the organization may retain a qualified environmental firm to conduct an environmental audit. Criteria for acceptance of gifts of real estate include: Is the property useful for the organization’s purposes? Is the property readily marketable? Are there covenants, conditions, restrictions, reservations, easements, encumbrances, or other limitations associated with the property? Are there carrying costs (including insurance, property taxes, mortgages, notes, or the like) or maintenance expenses associated with the property? Does the environmental review or audit reflect that the property is damaged or otherwise requires remediation?