Help Our Cause

Gift Acceptance Policy

1.   CommUNITY WEST OUTREACH (CWO) solicits and accepts gifts that are consistent with its mission and that supports its core programs, as well as special projects.

2.  Donations and other forms of support will generally be accepted from individuals, partnerships, corporations, foundations, government agencies, or other entities, including but not limited to the following:

·  CWO will accept money, stock, gifts, equipment and in-kind services.

3.   Restrictions on Gifts – CWO will not accept gifts that (a) would result in CWO violating its corporate charter, (b) would result in CWO losing its status as an IRS 501(c)3 not-for-profit organization, (c) are too difficult or too expensive to administer in relation to their value, (d) would result in an unacceptable consequence for CWO, or are for purposes outside CWO’s mission.  Decisions on the restrictive nature of a gift, and its acceptance or refusal, shall be made by the Executive Board.

CommUNITY WEST OUTREACH (CWO)

Policy Statement

Acceptance of Donated Stock/Marketable Securities

Whereas neither the members of the CWO Board of Directors, nor its Executive Director are professional investment portfolio managers, it is the policy of this organization to liquidate stock immediately upon receipt.

The possible transaction cost of this sale is considered small compared to the risk of loss that can be experienced with delay in the sale of the stock.

This policy will be communicated to the potential donor of the stock to ensure the donor will not be surprised or offended at the immediate liquidation of the gift.

An investment account will be maintained with a minimum balance of cash or stock as required to facilitate the donation of stock to CWO and liquidation of the stock.  The maintenance of this account to accommodate these transactions is the responsibility of the Executive Director in conjunction with the Board of Directors.

The Board of Directors shall conduct an annual internal audit of the Stock/Investment account transactions in collaboration with the treasurer to ensure accuracy of balances reported to the board. 

Proceeds from the sale of the stock are considered unrestricted contributed income unless the donor has imposed a restriction as a condition of the gift in which case procedures for accounting for restricted contributions will be followed.