BOARD POLICY No. 6114
The board recognizes that individuals and organizations in the community may wish to make a gift(s) to enhance or extend the instructional program.
Any gift to the district of real property can be accepted only by board approval. Any gift to the district or to an individual school or department of money, materials or equipment having a value of $50,000 or greater shall be subject to board approval. In no event shall any com mitment be made by a staff member or other individuals in return for any gift to the district or to a school or department without the board's authorization. The board shall not authorize gifts that are inappropriate, carry with them unsuitable conditions, or obligate the district to future expenditures from the general fund which are out of proportion to the value of the gift. All gifts shall become district property and shall be accepted without obligation relative to use and/or disposal.
The superintendent shall establish procedures to be met in the acceptance of gifts to the district.
At the discretion of the board of directors, the district will accept the establishment of a trust fund (expendable and /or nonexpendable) provided that the provisions of the proffered trust are feasible for the district business office or trust designee to process, and the terms of the trust are consistent with the legal obligations of the district and further the mission of the district.
Each trust fund will be administered via procedures that will be individually established in accordance with conditions requested by the donor and legal requirements of public schools in the state of Washington and will be subject to annual audit.
All disbursements shall be documented per State of Washington RCW 42.24.
|28A.320.030||Gifts, conveyances, etc., for scholarship and student aid purposes, receipt and administration|
First Reading: February 19, 2002
Adopted by the Board: July 16, 2002