HomeMy WebLinkAbout(1998, 03/09) - I-17 - Amendedn
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LIBRARY GIFT AND DONOR POLICY
GIFTS
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The Newport Beach Public Library Board encourages and welcomes gifts and
bequests to the library.
It is the position of the Board of Library Trustees that gifts and bequests given to
the Library through the Newport Beach Library Foundation shall be used to
supplement those funds appropriated for use by the library, and shall not in any
way supplant such funds appropriated for library salaries and maintenance and
operations of the library.
DONOR RECOGNITION
1. All donors with contributions of $1,000 or more shall be permanently
recognized on a donor recognition system as follows:
Donor Levels
1 $ 1,000 to $ 2,499
2 $ 2,500 to $ 4,999
3 $ 5,000 to $ 9,999
4 $ 10,000 to $24,999
5 $ 25,000 to $49,999
6 $ 50,000 to $99,999
7 $100,000 and above
2. A special section of the donor recognition system shall be titled
Memorials" recognizing gifts of $1,000 or more made in memory of an
individual.
3. All service clubs, PTA'S, schools or other organizations who collectively
donate $1,000 or more shall be recognized by the organizational name.
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4. Dedication opportunities exist for those donors who make gifts to specific
areas of the library in appropriate, approved locations as set forth in the
document called "Dedication Opportunities."
5. Recognition of pledges shall be based upon the total amount pledged.
Gifts of $5,000 or greater shall have five (5) years to complete the pledge.
6. Appropriate recognition items could be given to donors (at the 7 levels
listed above) at the discretion of the Newport Beach Public Library
Foundation Board. The cost of such items should not exceed one to two
percent (1 - 2 %) of the total amount of the gift.
7. Any exception to this policy will require the express approval of the
Newport Beach Library Board of Trustees.
Adopted - March 11, 1991
Amended - October 28, 1991
Amended - February 10, 1992
Amended - January 24, 1994
Amended - March 9, 1998
Formerly Policy O - 8
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