Donation Policy

MIGHTY OAKS FOUNDATION – GIFT ACCEPTANCE POLICY

Mighty Oaks Foundation solicits and accepts gifts that are consistent with its mission and that support its core programs, as well as special projects.  Mighty Oaks Foundation urges all prospective donors to seek the assistance of personal legal and financial advisors in matters relating to their gifts, including the resulting tax and estate planning consequences. The following guidelines govern acceptance of gifts made to Mighty Oaks Foundation for the benefit of any of its operations, programs, or services.

1. Donations and other forms of support will generally be accepted from individuals, partnerships, corporations, foundations, government agencies, or other entities, without limitations.
2. In the course of its regular fundraising activities, Mighty Oaks Foundation will accept donations of money, real property, personal property, stock, and in-kind services.
3. Certain types of gifts must be reviewed prior to acceptance due to the special liabilities they may pose for Mighty Oaks Foundation.  Examples of gifts which are subject to review include gifts of real property, gifts of personal property and gifts of securities (such as life insurance, real estate, and trusts.
4. Restrictions on Gifts – Mighty Oaks Foundation will not accept gifts that:
   
   1. Would result in Mighty Oaks Foundation violating its corporate charter
   2. Would result in Mighty Oaks Foundation losing its 501 (c)3 status
   3. Would be too difficult or expensive to administer in relation to their value
   4. Would result in any unacceptable consequences for Mighty Oaks Foundation
   5. Are for purposes outside Mighty Oaks Foundation’s mission

Decisions on the restrictive nature of a gift, and its acceptance or refusal, shall be made by the Chief Financial Officer in consultation with the Chief Executive Officer.