Acceptance of any contribution, gift, or grant is at the discretion of the Ava Grace Foundation. The Ava Grace Foundation will only accept gifts that are consistent with its purpose and mission.
No irrevocable gift, whether outright or life-income in character, will be accepted if, under any reasonable circumstances, the gift would jeopardize the donor’s financial security.
The Ava Grace Foundation does not provide advice on the tax or other treatment of gifts and encourages donors to seek guidance from their professional advisers before making a donation.
The Ava Grace Foundation will accept donations of cash or publicly traded securities. Gifts of in-kind services will be accepted at the discretion of the Ava Grace Foundation.
Certain other gifts, such as real property, personal property, non-liquid securities, and contributions whose sources are not transparent or whose use is restricted, will be reviewed before acceptance due to the potential obligations or liabilities they may pose for the Foundation.
The Ava Grace Foundation will provide acknowledgments to donors meeting tax requirements for property received by the charity as a gift. However, except for gifts of cash and publicly traded securities, no value will be ascribed to any receipt or other form of substantiation of a gift received by the Foundation.
The Ava Grace Foundation will respect the intent of the donor relating to gifts for restricted purposes and those relating to the desire to remain anonymous. With respect to anonymous gifts, the Foundation will restrict information about the donor to only those staff members with a need to know.
The Ava Grace Foundation will not compensate any third party, through commissions, finders’ fees, or other means, for directing a gift or a donor to the Foundation.
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