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Policy Statements
- Donors may contribute to the PPLD Foundation. Generally, the Foundation's
policy is to convert non-cash gifts to cash as soon as possible. Donations
are tax deductible to the extent provided by law.
- PPLD allows a variety of gift types and provides opportunities for patrons
and donors to consider, and those are more completely described in the
policy. Therefore, it is the policy of Pikes
Peak Library District to encourage gifts of cash, securities, tangible
property, and a variety of deferred and planned gifts.
- Once a gift is accepted by the Library, it becomes the property of the
Library, to be used or disposed of in accordance with the policies
established by the Board of Trustees. Gifts of personal property or
gifts-in-kind may be accepted based upon their marketability and/or their
potential use for the Library’s stated purposes.
- The criteria for materials selection also applies to the acceptance of
books and other materials.
- Gift materials not added to a collection may be sold by the Friends of the
Library at their bookstore or book sales.
- All gifts will receive an acknowledgment letter or an appropriate receipt.
However, current IRS regulations require that the receipt of gifts valued at
$250 or more be accompanied by a written statement from the library
confirming the donation and describing the benefits, or lack thereof,
received by the donor.
- The valuation of gifts of tangible personal property and gifts-in-kind for
the donor's tax purposes shall be the responsibility of the donor and not of
PPLD or any volunteer representing PPLD.
- Prospective donors shall be encouraged in correspondence, printed
brochures, and conversations to seek their own legal or tax counsel. The
donor shall also be informed that all legal interpretations, advice, and tax
deductions shall be based on information obtained from the donor's own
counsel. Neither the staff nor any representative of PPLD shall provide
legal or tax advice to a prospective donor, unless specifically authorized
to do so by the Board of Trustees.
- Notification of naming Pikes Peak Library District as a beneficiary in a
will or in a trust shall be directed to the PPLD Foundation.
Donor Rights, Recognition and Benefits
Donors will be recognized in an
appropriate manner. Recognition and benefits may include, but not be limited to,
recognition in PPLD publications, special plaques, assignment of named gift
opportunities, and donor recognition events. When a donor makes a pledge
commitment to a particular campaign, PPLDF will work with the donor to finalize
the specific recognition for the gift.
The Pikes Peak Library District Foundation adheres to the following rights listed in the
"Donor Bill of Rights" developed by the American Association of Fund
Raising Council (AAFRC), Association for Healthcare Philanthropy (AHP), Council
for Advancement and Support of Education (CASE), and the National Society of
Fund Raising Executives (NSFRE):
Philanthropy is based on voluntary action for the common good. It is a
tradition of giving and sharing that is primary to the quality of life. To
assure that philanthropy merits the respect and trust of the general public, and
that donors and prospective donors can have full confidence in the
not-for-profit organizations and causes they are asked to support, we declare
that all donors have these rights:
- To be informed of the organization's mission, of the way the organization
intends to use donated resources, and of its capacity to use donations
effectively for their intended purposes.
- To be informed of the identity of those serving on the organization's
governing board, and to expect the board to exercise prudent judgment in its
stewardship responsibilities.
- To have access to the organization's most recent financial statements.
- To be assured their gifts will be used for the purposes for which they
were given.
- To receive appropriate acknowledgment and recognition.
- To be assured that information about their donations is handled with
respect and with confidentiality to the extent provided by law.
- To expect that all relationships with individuals representing
organizations of interest to the donor will be professional in nature.
- To be informed whether those seeking donations are volunteers of the
organization or hired solicitors.
- To have the opportunity for their names to be deleted from mailing lists
that an organization may intend to share.
- To feel free to ask questions when making a donation and to receive
prompt, truthful and forthright answers.
Contact Us
If you would like to make a tax-deductible gift to the Pikes
Peak Library District or have any questions, please contact:
PPLDF
Pikes Peak Library District
P. O. Box 1579
Colorado Springs, CO 80901
719-531-6333, ext. 2205.
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