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An appraisal may not be required if the fair market value can be reasonably determined or is less than $1,000; otherwise one or more independent appraisals are required at the donor’s expense.","https://schema.org",{"og:url":32,"og:type":74,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":76,"canonical":32},"index,follow",{"doc_id":78,"site_id":7},337913,1790667893,{"code":4,"msg":81,"data":82},"success",[83,88,93,98,103,108,113,117,122],{"id":84,"doc_module":22,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},11,"Presentations",90,"presentations",{"id":89,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},12,"Resumes",80,"resumes",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},14,"Invoices",70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":110,"show_sort_weight":111,"slug":112},17,"Forms",40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":115,"slug":116},18,30,"letters",{"id":118,"doc_module":22,"doc_module_name":25,"category_name":119,"show_sort_weight":120,"slug":121},21,"Paper Templates",5,"papers-templates",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":4,"slug":125},158,"General","general-158",{"code":4,"msg":81,"data":127},{"doc_id":78,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":114,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":26,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":135,"language":136,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":12,"update_tm":140,"read_time":141},962075114101,"https://ap-avatar.wpscdn.com/avatar/e000253a75eb197efd?x-image-process=image/resize,m_fixed,w_180,h_180&k=1780044092746381165","| | Gift Acceptance and Naming Policies\u003Cbr>\\#15.2 |  |\n| --- | --- | --- |\n| CATEGORY: ADVANCEMENT |  | APPROVAL DATE: MARCH 9, 2026 |\n| EFFECTIVE DATE: MARCH 9, 2026 |  | REVIEW DATE: MARCH 9, 2031 |\n| APPROVAL: Board of Governors |  |  |\n| SPONSOR: President |  |  |\n| CONTACT: Executive Director, Advancement |  |  |\n| PREVIOUS VERSIONS: May 4, 2015 |  |  |\n\nGIFT ACCEPTANCE POLICY  \nSECTION I  \nINTRODUCTION  \n1.01  Scope and Purpose of Policy  \nThe University accepts gifts in support of its charitable objects. The University is a registered charitable organization under the Income Tax Act (ITA) . Its charitable registration number is 107797250RR0001 . This Policy is subject to the objects of the University as set out in section 3 of the Ontario College of Art & Design University Act, 2002 (as amended from time to time) .  \nThe University has established this Policy to cover all charitable gifts received. It applies to all fundraising at the University, including recurring donations, planned gifts, special fundraising initiatives or appeals, grants, campaigns and any arms-length bodies conducting fundraising on behalf of the University.  \nThe purpose of this Policy is to provide the staff of the University with general guidelines and procedures when accepting and receipting various types of gifts in accordance with the law in Canada by summarizing the general policies applicable to charitable gifts to the University, and identifying various means of charitable giving and the specific policies related to acceptance of each type of gift.  \nTo ensure that these guidelines remain effective, they shall be reviewed periodically to update and revise according to current legislation, policies relating to the University and with the external, charitable giving and non-profit environment.  \n1.02  Duties of the Board of Governors of the University  \nThe Board of Governors of the University has the following duties:  \na) to ensure all funds raised are applied to further its charitable purposes;  \nb) to ensure compliance with legal requirements involving receipting of gifts and fundraising; and  \nc) to ensure compliance with the limitations, conditions, terms of reference, directions or other restrictions imposed by donors.  \nIn fulfilling its duties, the Board of Governors may delegate such responsibilities and tasks to the Advancement Office of the University from time to time.  \n1.03  Duties of the Advancement Office of the University  \nThe Advancement Office of the University has the following duties:  \n(a) to implement gift related policies adopted by the Board from time to time by establishing related procedures and taking all necessary actions under the said policies and procedures;  \n(b) to carry out such responsibilities and tasks as maybe delegated by the Board from time to time to assist the Board to fulfill their duties as set out in Section 1.02 ; and  \n(c) to report to the Board from time to time on all activities and issues relating to Section 1.02.  \nSECTION II  \nEFFECTIVE DATE AND APPLICATION OF POLICY  \n2.01  Effective Date  \nThe Policy is deemed to come into effect on the 09-03-2026 and all gifts and disbursements thereafter shall be made in accordance with the terms thereof.  \n2.02 Application of Policy  \nUnless provided otherwise by the terms of a gift agreement or other document creating a fund, the terms of this Policy shall apply to any gifts received by the University.  \nIn the event of a conflict between the terms of any gift agreement or other document creating a fund with the terms of this Policy, the applicable terms of the gift agreement or other document shall override the corresponding terms of this Policy, provided that the balance of the Policy that is not in conflict shall continue to be in effect, where applicable.  \nSECTION III  \nDEFINITION OF GIFT  \n3.01  General Terms  \nA valid gift is a voluntary transfer of property without consideration. Accepted gifts to the University are eligible for an official","cbCaiv4J3952m5pC","https://ap.wps.com/l/cbCaiv4J3952m5pC","pdf",245022,22,"English","# Gift Acceptance and Naming Policies\n## Section I - Introduction\n## Section II - Effective Date and Application of Policy\n## Section III - Definition of Gift","[{\"question\":\"What is the scope and purpose of the Gift Acceptance and Naming Policies?\",\"answer\":\"The policy covers all charitable gifts received and applies to all university fundraising activities. It provides staff guidelines and procedures for accepting and issuing receipts for different types of gifts in accordance with Canadian law.\"},{\"question\":\"What are the effective date rules and how does the policy apply to gifts?\",\"answer\":\"The policy is deemed effective on March 9, 2026, and applies to gifts and disbursements made thereafter. If a gift agreement or other document conflicts with the policy, the agreement overrides the conflicting parts while non-conflicting policy terms remain effective.\"},{\"question\":\"How is fair market value determined for donated property and when is an appraisal required?\",\"answer\":\"The University determines fair market value as the highest price in an open and unrestricted market. An appraisal may not be required if the fair market value can be reasonably determined or is less than $1,000; otherwise one or more independent appraisals are required at the donor’s expense.\"}]","Gift Acceptance and Naming Policies - 15.2 | PDF",1790021164,8]