1325 7th Street Rockford, Illinois 61104 Weekly Program Mondays, Tuesdays & Wednesdays 5pm


Rock House Kids Gift Acceptance Policy Of Personal Property


Rock House Kids

Gift Acceptance Policy

 Of Personal Property

 

Rock House Kids will work with donors to satisfy both the wishes of the donor and the needs of Rock House Kids.  Final authority for the administration of gifts rests with the Board of Directors, subject to Donor’s Bill of Rights.  Gifts and pledges will be issued an acknowledgement of recognition for all and any documented contributions.

 

Unless otherwise directed by donor, proceeds will first be applied to Rock House Kids operations in providing services to our children.  Restricted gifts will be used only in the manner intended by donor.

 

Rock House Kids reserves the right to refuse gifts that are not in keeping with Christian values.

 

Personal property such as but not limited to, motor vehicles, may be accepted by Rock House Kids only after a determination that the property is easily and readily marketable, or needed in operation of our work.  Lawful ownership of said gifts must be established prior to acceptance.

 

It will be Rock House Kids policy to sell or dispose of said gifts unless a need of use is established.

 

Rock House Kids can only issue receipts in accordance with IRS policy and guidelines.  Motor vehicles will be inspected for safety and a reasonable time period of useful life will be established prior to full acceptance.  Inspection will be by a certified mechanic.

 

The acceptance of property in need of repair or near term maintenance will be subject to the following:

 

Executive Director will make a timely decision (for the benefit of both the donor and Rock House Kids) when time is of the essence.

 

Improvements such as repair and/or maintenance deemed necessary, shall be limited to the amount of $2,000, unless board authorized.  Consideration will be given to useful life, marketability, storage costs, carrying costs, and any perceived support costs associated with such gift.

 

Should an intended gift be found un-acceptable, a written acknowledgement will be sent to prospective donor and record kept at our location.
Disposition of certain charitable deduction property made within three years after contribution, may require filing of Form 8282 with Internal Revenue Service.  Gifts qualifying for a charitable deduction to the donor shall be valued by using fair market value or disposition proceeds in keeping with IRS guidelines.