Gift Acceptance Policy

I. Introduction

This policy statement is designed to ensure that all gifts to, or for the use of, Goucher College are structured to provide maximum benefits for the donor and the college. Because some gift situations might be complex, or more costly than beneficial, or restricted in a manner not in keeping with the goals of the college, this policy has been developed to establish standards by which all gifts will be evaluated, as well as a formal process for carrying out such evaluations. This policy is intended as a guide and allows for some flexibility on a case-by-case basis.

II. Guiding Principles

• Goucher College encourages gifts in support of its mission as a private liberal arts college.

• Goucher College seeks to implement a gift acceptance policy that will protect:

  • the best interests of the donor;

  • the welfare of Goucher College; and

  • the Goucher College employees charged with the management of the gift planning program.

• Donors are encouraged to consult with their personal advisors (accountants, certified estate or financial planners, attorneys, investment brokers, etc.) before making any gift to the college, particularly a planned gift.

• The college reserves the right not to accept certain gifts, including those from which the college will realize little or no financial gain, or which are made for purposes that are inconsistent with the college’s educational mission, or which have restrictions that violate the college’s ethical standards or require illegal discrimination.

• Donations of gifts for unrestricted, general purposes are encouraged because of the flexibility they provide in meeting the most pressing needs of Goucher College.

• The college shall acknowledge all gifts and donations in a manner that respects and honors the donor.

• In accepting a gift, the college also accepts a responsibility to the donor to steward that gift. This includes administering the gift properly, providing the donor with appropriate financial information about the gift, and, when appropriate, reporting to the donor about the use of the gift.

The entire Gift Acceptance Policy can be obtained by contacting the Office of Gift Planning at 410-337-6074 or you may view it by clicking the link below.

Download Gift Acceptance Policy