G-31-7 Acceptance of Gifts or Donations
The following policy will be used in connection with acceptance of gifts other than cash and this policy applies to gifts to the College and does not affect the current procedures used for handling donations to the COCC Foundation:
- If an employee is approached and offered a gift or suggested donation, he/she should,
in a tactful and appropriate way, indicate to the potential donor the College's interest
and appreciation and advise them that the College will determine if a use can be found
for the gift.
- The employee should then provide information about the gift to their Senior Leadership
Team Member and the Chief Advancement Officer, along with a recommendation for the
acceptance or refusal of the gift.
- If the gift can be used by the College, the department receiving the gift will complete
requisite paperwork provided by the COCC Foundation, and the Foundation will then
write a letter to the donor acknowledging the gift. If the gift cannot be used by
the College, the appropriate Senior Leadership Team Member or Chief Advancement Officer
will notify the donor.
- Gifts of real property can only be accepted by the Board of Directors.