Fundraising (Policy 1.150)

 
Authority: F.S. 1001.64; 1004.70
Date Adopted: 06/02; 12/04; 02/2013
Date of Review: 12/04; 05/09; 08/11

Policy:

  1. Requests for Donations:

    All requests for donations, whether of cash, equipment, real estate, or other items of value, made on behalf of Seminole State College shall have prior approval from the President or the Foundation for Seminole State College, Inc.

    It shall be the responsibility of the Foundation for Seminole State College, Inc.:
    1. To promote a clear understanding among potential donors of the needs of Seminole State College;
    2. To avoid conflict and duplication of effort in fundraising activities;
    3. To coordinate fundraising activities for the benefit of Seminole State College.
  2. Acceptance of Donations:

    All gifts of cash, equipment, real estate, and other items of value shall be accepted through the Foundation for Seminole State College, Inc. unless otherwise specified by the donor and then only with the prior approval of the College President.
  3. Evaluation of Cash and Non-cash Gifts:

    No gift shall be accepted by the Foundation for Seminole State College, Inc. or Seminole State College in cases where the gift, its intended use, or the identity of the donor might place the College in an embarrassing or compromising position.

    All gifts accepted by the Foundation for Seminole State College, Inc. or Seminole State College shall comply with Internal Revenue Service regulations governing charitable contributions and may not be restricted for the donor's direct benefit, nor shall any gift be accepted where restrictions make use of the gift impractical or prohibitively expensive.
  4. Coordination with College Departments/Divisions:

    It shall be the responsibility of the Foundation for Seminole State College, Inc. to coordinate fundraising activities with the President and other college personnel to ensure that those efforts reflect priorities established by the College and produce results consistent with its mission and goals.

    In particular, the Foundation for Seminole State College, Inc. shall work closely with the following:
    1. Financial Aid Department regarding gifts of scholarships
    2. Executive Vice President/CFO regarding gifts of real estate or gifts of equipment intended for use by college support services personnel
    3. Vice President for Academic Affairs regarding gifts of equipment or other contributions intended for instructional support and scholarships for the benefit of specific programs or areas of study.
    4. Director of Intercollegiate Athletics and Wellness regarding any contributions intended for program support and scholarships for athletics.
  5. Management/Disposition of Gifts:

    It shall be the responsibility of the Foundation for Seminole State College, Inc. to invest or otherwise manage gifts of cash, securities, and other assets to maximize their intended benefit to Seminole State College.

    Donations of gifts in kind may be accepted by the Foundation for Seminole State College, Inc. according to the guidelines provided in the Foundation's policies and procedures.
  6. Acknowledgment/Record Keeping:

    It shall be the responsibility of the Foundation for Seminole State College, Inc. to promptly and appropriately acknowledge all gifts to the Foundation for Seminole State College, Inc., to keep accurate and complete records of donors, gifts and their purposes and restrictions, and to ensure that those purposes and restrictions are complied with to the fullest extent practicable.

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Seminole State College
100 Weldon Boulevard
Sanford, Florida 32773-6199
407.708.4722

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