IOLI GIFT ACCEPTANCE POLICY

Approved by the Board August 2000/ Amended 2001/Ammended 2003

In order to maintain an archived list of items donated to the organization, the IOLI has developed a Gift Acceptance Policy. Individuals wishing to donate items or funds to the organization may do by completing a form requested from the Corresponding Secretary or photocopy from the Members’ Handbook.

Types of gifts that are acceptable:

All Donations will be recognized via a letter of thanks from the organization. Donations with a value greater than $500 must be accompanied by a valid appraisal from a third party source. The letter of thanks will identify the value of the gifts greater than $500 for income tax purposes.

Disclaimer: Procedure: