It is the policy of South Puget Sound Community College and the College Foundation to solicit public or private funds when appropriate, with a vision to develop or enhance College programs, activities, and services or to further the College’s mission.
The College and Foundation shall be legally obligated to respect any terms and conditions of gifts made to College, provided that said gifts are useful and desirable and are in conformity with institutional policies and IRS regulations. In accordance with this policy, it is the responsibility of College representatives to decline gifts per the following reasons:
- They are not in the best interests of the College as determined by the President.
- They would obligate the College or the Foundation to undertake responsibilities, financial or otherwise, which they may not be capable of meeting for the period required by the terms of the gift.
- They cannot be administered within the organizational unit’s normal budget.
- They do not comply with IRS regulations or with College or Foundation policies.
Gifts may only be accepted on behalf of the College by the College President and Vice Presidents, as appropriate. Gifts to the Foundation may be accepted by the College President, Executive Director of the College Foundation, or a Foundation designee.
The purpose of this policy and its procedures is to provide guidance and oversight for the solicition and receipt of financial resources to the College and College Foundation.