Gift acceptance policy

Redeemer Forge Incorporated (the “Corporation”) welcomes gifts that help it carry out its purposes. This policy makes sure every gift serves those purposes, honours the giver’s intent, keeps the Corporation’s faith and reputation intact, and costs the Corporation no more than it is worth.

The Treasurer or the President may accept these without further approval:

1. Money, by cash, check, card, bank transfer, or an online giving service the Board has approved.
2. Shares listed on a public stock exchange. They are sold as soon as practical after they arrive.
3. Equipment and supplies a program has publicly asked for — for example, an item on Redeemer Pathways’ published list of equipment needs. The program leader may also accept these for their program.
4. A gift for one of the programs, which is a restricted gift handled under Bylaws Section 9.3.

These are accepted only after the Board has approved them, and the approval is recorded in the minutes:

1. Any gift of property, equipment or services worth more than $2,500, the same amount above which spending needs the Board’s approval under Bylaws Section 10.3.
2. Real estate. Before accepting it the Board shall know what it would cost to hold, insure and sell, and whether there is any environmental or legal problem with it.
3. Vehicles, boats, and similar property.
4. Shares in a private company, interests in a partnership, and other property that cannot readily be sold.
5. Cryptocurrency and other digital assets. If accepted, they are converted to money as soon as practical.
6. Life insurance policies, annuities, and gifts that pay the giver or someone else an income.
7. Any gift that comes with conditions, beyond a restriction to one of the programs or to a purpose of the Corporation.
8. Any request to name a program, place or thing after a giver.

The Corporation shall decline, or return, a gift that:

1. Would conflict with its purposes, its statement of faith under Bylaws Section 1.8, or the rule in Bylaws Section 8.2(b) that the Bible application sells nothing and locks nothing.
2. Comes with conditions that would require the Corporation to promote a view, a product, a candidate or a cause, or to give the giver any control over its programs, teaching or staff.
3. Comes from a source the Corporation knows or reasonably suspects to be unlawful.
4. Would cost more to accept, hold or dispose of than it is worth, or would expose the Corporation to a debt, a liability or a risk to its tax status.
5. Is equipment that is unsafe for young people, or that the program has no use or room for.

The Board may decline any other gift when it judges that accepting it would harm the Corporation’s witness or reputation. Declining a gift is done courteously and, where the giver is known, with thanks.

1. Intent. A restriction stated in writing by the giver is honoured as Bylaws Section 9.3 requires.
2. Privacy. The Corporation does not sell, rent or trade givers’ names or details. A giver who asks to be anonymous is not named publicly.
3. No pressure. No one acting for the Corporation shall pressure anyone to give, or encourage a gift the giver cannot afford.
4. No advice. The Corporation does not give legal, tax or financial advice to givers, and encourages anyone making a large or complex gift to take their own advice.

The Corporation does not put a value on property given to it. A receipt for a gift of property describes the property and leaves its value to the giver, as Bylaws Section 9.6 provides. Where a giver needs a formal appraisal, obtaining and paying for it is the giver’s responsibility. Until the Corporation holds its IRS determination letter, nothing it issues describes a gift as tax-deductible (Bylaws Section 9.7).

The Board reviews this policy at its annual meeting, together with a list of any gifts it approved or declined under Articles III and IV during the year.