Policy 736: Gifts and Donations for Perpetual Endowment Trust Fund

I. UJEEDDADA

The purpose of this policy is to provide guidelines for the acceptance of gifts by the School Board for the Perpetual Endowment Trust Fund and the management of non-cash gifts including but not limited to stock, vehicles and real estate.

II. BAYAANKA GUUD EE SIYAASADDA

Guddiga Waxbarashada ee Dugsiyada Dadweynaha ee Minnetonka wuxuu dhiirigeliyaa isticmaalka Hadiyadaha iyo Deeqaha si kor loogu qaado waxbarasho tayo leh oo loo fidiyo ardayda iyo dadka deegaanka labadaba. Ka qaybgalka bulshadu iyada oo loo marayo hadiyadaha iyo deeqaha ayaa si wanaagsan u suurta gelinaya degmadu inay la wadaagto macaamiisheeda aragtideeda, hadafkeeda, iyo caqiidadeeda.

III. REQUIREMENT

Gifts and donations to the District Perpetual Endowment Trust Fund include monetary or in-kind contributions given to the District by groups, organizations, businesses, or individuals for the purpose of enhancing either the district’s educational programs and/or physical facilities.
The proposed use of the donation must be consistent with the mission of the Perpetual Endowment Trust Fund to build a corpus that will generate investment earnings to maintain School Board-designated Programs of Significance for perpetuity.
The School Board reserves the right to accept or decline any gift based upon legal, ethical, financial, operational, or educational considerations.
Contributions of assets other than cash, such as stock, vehicles, or real estate shall be immediately sold and the subsequent cash proceeds invested in the investment vehicles authorized in Minnesota Statutes 118A.04.

IV. IMPLEMENTATION

Si loo hubiyo isticmaalka ugu badan ee Hadiyadaha iyo Deeqaha, deeq-bixiyeyaasha suurtagalka ah waxaa lagu boorinayaa inay la tashadaan kormeeraha ama qofka loo xilsaaray ka hor inta aysan wax ku darsan.

Note: The provisions of this policy substantially reflect statutory requirements.