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7230 Policy - Gifts Grants and Bequests

The Board of Education is appreciative of public interest in and good will toward the schools manifested through gifts, grants, and bequests. The Board reserves the right, however, to specify the manner in which gifts are made; to define the type of gift, grant, or bequest which it considers appropriate; and to reject those which it deems inappropriate or unsuitable. If accepted, the Board will attempt to carry out the wishes of the donor.

All gifts, grants, or bequests having a value of more than $100 shall be accepted by the Board. The Superintendent may accept for the Board gifts of lesser value.
The Board shall provide written acknowledgement to the donor of any cash donation of $250 or more and any non-cash donation the value of which is $250 or more. Such acknowledgement shall include the amount of cash or a description of any non-cash donation along with a good faith estimate of the value of such non-cash donation.
If the Board accepts donation of an automobile, the Board shall provide the donor with a completed IRS Form 1098-C, and otherwise comply with the requirements of the Internal Revenue Code.


Gifts, grants, and bequests shall become the property of the Board and will be subject to use by the District as determined by the policies and administrative procedures applying to all properties, equipment, materials, and funds owned by the Board.


The Board reserves the right to refuse to accept such liability and thus deny the use of the equipment by students or District employees.


118.27, Wis. Stats.
I.R.C. 170(f)(8)
I.R.C. 170(f)(12)



Approved/Adopted:  July 13, 2009


Sharon Weinstock,
Aug 9, 2011, 1:40 PM