Corporate Donation Policy
All nonprofit organizations require funding to achieve their goals. Corporate donations and sponsorship are important sources of funding by which a nonprofit organization achieves its mission. Concerns often arise that accepting corporate funds may give the appearance of or actually compromise the ethical integrity of an organization. The establishment of a Board-approved Corporate Donations Policy safeguards against such compromises by clarifying for both potential sponsors and the community at large the requisite criteria used by the organization in soliciting and accepting corporate funding.
Corporate Donation Policy Statement
A. Corporate Eligibility
The Chelsi Smith Foundation will gratefully accept monetary or in-kind donations from any business entity (“Corporation”) that meets the following eligibility criteria. 1. The Corporation is not engaged in business activities that conflict in whole or in part with the goals of The Chelsi Smith Foundation. 2. The Corporation has not attempted to manipulate or influence the activities, policies, mission, and/or goals of The Chelsi Smith Foundation. 3. The Corporation’s donation is unrestricted, i.e., no conditions or requirements are being proposed by the Corporation that must be satisfied by The Chelsi Smith Foundation to secure the donation. This does not preclude a Corporation from making a donation that is earmarked for a specific purpose or program activity.
B. Conflict of Interest
In addition to the aforementioned eligibility criteria, potential conflicts of interest will be avoided by adherence to the following requisite criteria for all corporate donations. 1. Donations will not be accepted in exchange for a position on the Board of Directors of Caring Ambassadors, nor will The Chelsi Smith Foundation solicit funds in exchange for a position on the Board of Directors of The Chelsi Smith Foundation. 2. No more than 33% of members of the The Chelsi Smith Foundation Board of Directors will be affiliated with any individual Corporation donating to the organization. 3. Board members affiliated with a Corporation will recuse themselves from any Board vote related to The Chelsi Smith Foundation relationship with that Corporation. 4. The Chelsi Smith Foundation Board members and persons employed in key staff positions by The Chelsi Smith Foundation may not have a financial relationship with a potential corporate sponsor such that their personal financial interests and the financial interests of The Chelsi Smith Foundation or its programs may be perceived to be or may actually be in conflict. Serious financial conflicts of interest as described herein must be resolved before The Chelsi Smith Foundation may accept a donation from a corporate sponsor with which a conflict exists.
C. Open Disclosure
1. The Chelsi Smith Foundation will provide any Corporation that wishes to donate to the program a copy of the The Chelsi Smith Foundation Corporate Donations Policy prior to acceptance of the donation. 2. The Chelsi Smith Foundation will provide a copy of the Corporate Donations Policy to any individual or organization that requests it. 3. The Chelsi Smith Foundation will post its Corporate Donations Policy on the official The Chelsi Smith Foundation Internet site.
If you have any other questions about our Corporate Donation Policy, please contact us at:
The Chelsi Smith Foundation
Attn: Legal Department
PO Box 667114
Houston, TX 77266, USA.