Adoption Date: 06/22/2021

History: 05/24/22 (reviewed), 4/11/23 (reviewed), 4/23/24 (reviewed), 6/10/25 (updated)

The board believes gifts, grants, and bequests to the school district may be accepted when they will further the interests of the school district. The board will have sole authority to determine whether the gift furthers the interests of the school district.

The District's gift acceptance process has been developed in coordination with the Foundation for the Iowa City Community School District ("the Foundation"). To assist with proper record keeping and reporting of charitable contributions, gifts and bequests should be made through the Foundation. For purposes of this policy, gifts may nclude but are not limited to cash, investments, physical or real property. The Foundation shall maintain records of donations and gifts in the Foundation Office located at the Educational Services Center. All accepted gifts and bequests shall be administered in accordance with the terms specified by the donor, provided those terms are consistent with district policy and applicable law. Funds or assets held in custody of the Foundation will be remitted to the district in a manner congruent with the donor's intent, or where necessary as approved by the board.

Gifts, grants, and bequests once accepted on behalf of the school district become the property of the school district. Gifts, grants, and bequests are accepted and administered in accordance with board policy.

Policy References:

Legal Reference:

Iowa Code §§ 279.42; 565.6.

Cross Reference:

217  Gifts to Board of Directors
402.4  Gifts to Employees
508.1  Class or Student Group Gifts
704.6  Online Fundraising Campaigns/Crowdfunding