[Foundation-l] Update of the Gift Policy

[Brad Patrick]

Gerard:

The idea is that other non-profits (large foundations, for example) should
be free to support the mission of the organization, but are obligated to the
same standards under the US code.  Is there a difference between the Gates
Foundation giving $ versus Bill Gates, individually, or Microsoft, as a
company?  The government thinks so.  The point of the gift policy is to put
the consideration of such gifts in the sound discretion of the Board.  Now
the policy is explicit.

Brad

On Jan 21, 2008 2:03 PM, Ray Saintonge <saintonge at telus.net> wrote:

> Mark Williamson wrote:
> > I'm guessing they're defined elsewhere, but "public support" means to
> > me that it does not set itself apart from other public contributions
> > due to a large amount, so perhaps there is a limit - someone donating
> > $1 million is much more likely to expect something in return for their
> > donation than someone who gives $100.
> >
> > I'm guessing that charities are exempt because the implicit obligation
> > is not there, or if it is, it is not as strong when a donation is from
> > a charity rather than an individual or commercial interests.
> The key word in your response is "guessing".
>
> Ec
>
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