Fundraising - Policy 1.150

Policy:

1. Requests for Donations:
   
   All requests for donations, whether of cash, equipment, real estate, or other items of value, made on behalf of Seminole Community College shall have prior approval from the President or the Seminole Community College Foundation.
   
   It shall be the responsibility of the Seminole Community College Foundation:
   
   
   1. To promote a clear understanding among potential donors of the needs of Seminole Community College
      
      
   2. To avoid conflict and duplication of effort in fundraising activities
      
      
   3. To coordinate fundraising activities for the benefit of Seminole Community College
      
      
2. Acceptance of Donations:
   
   All gifts of cash, equipment, real estate, and other items of value shall be accepted through the Seminole Community College Foundation unless otherwise specified by the donor and then only with the prior approval of the College President.
   
   
3. Evaluation of Cash and Non-cash Gifts:
   
   No gift shall be accepted by the Seminole Community College Foundation or
   
   Seminole Community College in cases where the gift, its intended use, or the identity of the donor might place the College in an embarrassing or compromising position.
   
   All gifts accepted by the Seminole Community College Foundation or Seminole Community College shall comply with Internal Revenue Service regulations governing charitable contributions and may not be restricted for the donor's direct benefit, nor shall any gift be accepted where restrictions make use of the gift impractical or prohibitively expensive.
4. Coordination with College Departments/Divisions:
   
   It shall be the responsibility of the Seminole Community College Foundation to coordinate fundraising activities with the President and other college personnel to ensure that those efforts reflect priorities established by the College and produce results consistent with its mission and goals.
   
   In particular, the Seminole Community College Foundation shall work closely with the following:
   
   
   1. Financial Aid Department regarding gifts of scholarships
      
      
   2. Vice President for Administration and Business Services regarding gifts of real estate or gifts of equipment intended for use by college support services personnel
      
      
   3. Vice President for Academic Programs regarding gifts of equipment or other contributions intended for instructional support and scholarships for the benefit of specific programs or areas of study.
      
      
   4. Athletics regarding any contributions intended for program support and scholarships for athletics.
      
      
5. Management/Disposition of Gifts:
   
   It shall be the responsibility of the Seminole Community College Foundation to invest or otherwise manage gifts of cash, securities, and other assets to maximize their intended benefit to Seminole Community College.
   
   Donations of gifts in kind may be accepted by the Seminole Community College Foundation according to the guidelines provided in the Foundation's policies and procedures.
6. Acknowledgment/Record Keeping:
   
   It shall be the responsibility of the Seminole Community College Foundation to promptly and appropriately acknowledge all gifts to the Seminole Community College Foundation, to keep accurate and complete records of donors, gifts and their purposes and restrictions, and to ensure that those purposes and restrictions are complied with to the fullest extent practicable.

Did you know?

You can complete a UCF bachelor's degree in select programs at SCC's Sanford/Lake Mary campus.