Iowa Veterans Foundation Policies and Procedures - Policy on Gift Acceptance and Funding Grants

Sep 19, 2026

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Iowa Veterans Foundation Policies and Procedures define eligibility and decision rules for serving Iowa veterans and their dependants. The document establishes definitions for veterans and financial assistance, limits on repeated support, and a structured gift acceptance approach. It specifies authority for solicitation and acceptance, the role of a Gift Review Committee, and review criteria covering restrictions, liabilities, tax-exempt risk, and legal compliance. It also outlines permitted gift types, including cash, life insurance, tangible personal property, and planned gifts, plus guidance for funding grant applicants.

LanguageEnglish

CategoryLetters

FormatPDF

Pages7

Reading Time3 min

AccessFree to download

Definitions

Veteran and Veterans Organization

Financial assistance and limited assistance

Gift Acceptance Policy

Guidelines and authority

Gift Review Committee considerations

Types of gifts: cash, life insurance, tangible property, planned gifts

Policies for Iowa Veteran Foundation Funding Grants

Eligible applicants and supported project goals

Iowa Veterans Foundation Policies and Procedures This policy serves as a guideline for the Iowa Veterans Foundation (hereafter known as IVF) staff, board members, volunteers, outside advisors’ who assist prospective donors who wish to make gifts to the IVF, actively solicit gifts and grants , and to assist grant applicants to further the benefit of veterans of the State of Iowa (hereafter known as Veterans) . 1. DEFINITIONS. 1.1. Veteran means: A person who served in the active military, or military auxiliaries of the United States , and who has been discharged or released honorably or under honorable conditions. 1.2. Veterans Organization means: an authorized agency that advocates on behalf of veterans and whose services solely benefit veterans or has specific program(s) solely benefitting veterans. 1.3. Financial assistance means: 1.3.1. For a veteran: Payment towards costs for housing (i.e. , rent or mortgage) or associated expenses such as fixtures (i.e. , water heater) furnishings (i.e. , beds or bedding) and utilities essential to operating the home (i.e. , water, electricity, & gas or expenses essential to maintaining a purchased property) to help prevent veteran from becoming homeless. 1.3.2. For a Veteran s Organization: expenses to assist in providing program services, not to include overhead or organizational costs of running a veteran service office or organization. 1.4. Limited assistance means: that financial support may be granted to an individual veteran one time only unless special circumstances dictate additional support. 2. GIFT ACCEPTANCE POLICY As gifts can encourage others to give or do the opposite, this gift acceptance policy is intended only as a guide and allows for flexibility on a case-by-case basis. 2.1. GUIDELINES 2.1.1. The President of The IVF and any Executive Committee members, have authority to solicit and/or accept gifts on behalf of The IVF. 2.1.2. The President of The IVF may establish a Gift Review Committee responsible for recommending whether or not The IVF should accept proposed gifts. The Committee shall consist of no less than three members from the Board of Directors. The President shall have the authority to appoint other volunteers on an ad hoc basis, who have special expertise that may be needed in order to make a decision on a specific gift. 2.1.3. The Gift Review Committee may consider each gift according to its intended use, restrictions, liabilities and financial impact on The IVF now and in the future. Only gifts, bequests, devises, endowments, trusts and similar funds that are designated for the use of The IVF consistent with the stated goals and mission of Veterans will be considered for acceptance. 2.1.4. The President or gift solicitor will refer to the Gift Review Committee, before acceptance, gifts that are given with unusual restrictions or designations, have the potential of jeopardizing the taxexempt status or violating IVF policies, local, state or federal laws. 2.1.4. Gifts may be accepted when designated to benefit a specific organization or project. The IVF will honor such a designation when the designated organization or program is approved for an IVF grant. However, IVF cannot accept gifts that are conditioned solely upon any designation. When gifts are offered with a designation , the IVF should provide notice that the designation cannot be honored when the organization or project when the organization project does not meet grant criteria, as set forth in IVF policies, herein. 2.2. TYPES OF GIFTS 2.2.1. CASH 2.2.1.1. The IVF , regardless of amount, shall accept all gifts by cash, electronic transfer, credit card, or check. 2.2.1.2. Checks shall be made payable to Iowa Veterans Foundation, unless otherwise specified. In no event shall a check be made payable to an individual who represents the IVF. 2.2.2. LIFE INSURANCE 2.2.2.1. The IVF will accept gifts of life insurance policies only when the IVF is named as the

FAQs

Who is considered a veteran under these policies?

A veteran is a person who served in active military or military auxiliaries of the United States and was discharged or released honorably or under honorable conditions.

What authority governs solicitation and acceptance of gifts for the IVF?

The President of the Iowa Veterans Foundation and Executive Committee members have authority to solicit and/or accept gifts on behalf of the IVF.

What types of gifts does the IVF accept?

The IVF accepts cash (including electronic transfer, credit card, and check), life insurance when it is 100% owned and beneficiaryed by the IVF, tangible personal property related to the IVF’s exempt purpose, and certain planned gifts and memorials with appropriate value and cost considerations.

Sep 19, 2026

Upload by Rhys