Individual Donation Policy
All nonprofit organizations require funding to achieve their goals. Private donations from individuals are important sources of funding by which a nonprofit organization achieves its mission. Concerns may arise that accepting a sizable private donation may give the appearance of or actually compromise the ethical integrity of an organization. The establishment of a Board-approved Individual Donations Policy safeguards against such compromises by clarifying for both potential donors and the community at large the requisite criteria used by the organization in soliciting and accepting private donations from individuals. In general, concerns about potential compromise do not arise with regard to private donations unless the donation is of substantial value. Thus, The Chelsi Smith Foundation Individual Donations Policy is applicable only to monetary or in-kind donations greater than $50,000.
The Chelsi Smith Foundation will gratefully accept monetary or in-kind donations from any person (“Donor”) that meets the following eligibility criteria. 1. The Donor is not engaged in business activities that conflict in whole or in part with the goals of The Chelsi Smith Foundation. 2. The Donor has not attempted to manipulate or influence the activities, policies, mission, and/or goals of The Chelsi Smith Foundation or any of its programs as a condition or his/her donation. 3. The Donor’s donation is unrestricted, i.e., no conditions or requirements are being proposed by the Donor that must be satisfied by The Chelsi Smith Foundation to secure the donation. This does not preclude a Donor 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 private donations from individual Donors. 1. Donations will not be accepted in exchange for a position on the Board of Directors of The Chelsi Smith Foundation, nor will The Chelsi Smith Foundation solicit funds in exchange for a position on the Board of Directors of The Chelsi Smith Foundation. 2. The Chelsi Smith Foundation Board members and persons employed in key staff positions by The Chelsi Smith Foundation or any of its programs may not have a financial relationship with a potential Donor 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 an individual donor with which a conflict exists.
C. Open Disclosure
1. The Chelsi Smith Foundation will provide any Donor that wishes to donate to the program a copy of The Chelsi Smith Foundation Individual Donations Policy prior to acceptance of the donation. 2. The Chelsi Smith Foundation will provide a copy of the Individual Donations Policy to any individual or organization that requests it. 3. The Chelsi Smith Foundation will post its Individual Donations Policy on the official The Chelsi Smith Foundation Internet site.
If you have any other questions about our Individual Donation Policy, please contact us at:
The Chelsi Smith Foundation
Attn: Legal Department
PO Box 667114
Houston, TX 77266, USA.