HomeMy WebLinkAbout(2003, 04/08) - I-4 - Amended - changed to I-410-16*
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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
A. 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
B. 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.
C. 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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D. 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."
E. 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.
F. 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.
G. 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
Reassigned - April 8, 2003
Formerly 0-8
Formerly I -17
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