The Chi Psi Educational Trust, Inc.

Gift Acceptance Policy

  1. The Chi Psi Educational Trust, Inc. solicits and accepts gifts that are consistent with its mission.

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  2. Donations will generally be accepted from individuals, partnerships, corporations, foundations, government agencies, or other entities, without limitations.

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  3. In the course of its regular fundraising activities, The Chi Psi Educational Trust, Inc. will accept donations of money, real property, personal property, stock, and in-kind services.

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  4. Certain types of gifts may be reviewed prior to acceptance due to the special liabilities they may pose for The Chi Psi Educational Trust, Inc. Examples of gifts which may be subject to review include gifts of real property, gifts of personal property, and gifts of securities.

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  5. The Chi Psi Educational Trust, Inc. may decline gifts from individuals, groups, or organizations if, in the good faith opinion of the organization’s Chairman, acceptance of aforementioned gifts may:
       

    • Encroach on the organization’s integrity;
    • Restrict the organization’s liberty of action;
    • Be discordant to the organization’s mission;
    • Cause damage to the organization’s reputation;
    • Place additional costs or burdens on the organization;
    • Expose the organization to uncertain risk or liability.

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  6. The Chi Psi Educational Trust, Inc. reserves the right to decline any gift.

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  7. Donor Confidentiality. The Chi Psi Educational Trust is proud to share news of received gifts via publications, websites and other media sources, and may publicly acknowledge a donor by name. In the case that a donor expresses the desire to make an anonymous gift or prefers not to be recognized, donor records will be kept confidential to the extent allowed by law.

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  8. Donor Control. In order to ensure the deductibility of donors’ gifts as well as comply with laws and ethical standards, gifts may not be controlled by a donor nor may a donor personally benefit from a gift or have a role in influencing expenditures. Donors may restrict gifts for a particular use but may not directly control expenditure of the gift.

The Donor Bill of Rights

 

Philanthropy is based on voluntary action for the common good. It is a tradition of giving and sharing that is primary to the quality of life. To assure that philanthropy merits the respect and trust of the general public, and that donors and prospective donors can have full confidence in the not-for-profit organizations and causes they are asked to support, we declare that all donors have these rights:

I. To be informed of the organization's mission, of the way the organization intends to use donated resources, and of its capacity to use donations effectively for their intended purposes.

II. To be informed of the identity of those serving on the organization's governing board, and to expect the board to exercise prudent judgment in its stewardship responsibilities.

III. To have access to the organization's most recent financial statements.

IV. To be assured their gifts will be used for the purposes for which they were given.

V. To receive appropriate acknowledgement and recognition.

VI. To be assured that information about their donation is handled with respect and with confidentiality to the extent provided by law.

VII. To expect that all relationships with individuals representing organizations of interest to the donor will be professional in nature.

VIII. To be informed whether those seeking donations are volunteers, employees of the organization or hired solicitors.

IX. To have the opportunity for their names to be deleted from mailing lists that an organization may intend to share.

X. To feel free to ask questions when making a donation and to receive prompt, truthful and forthright answers.

For all questions regarding gifts to The Chi Psi Educational Trust, please contact gifts@chipsi.org.