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ACSIS Corporation — Gift Acceptance Policy
Public-facing summary. This policy establishes prudent screening principles for proposed gifts and does not obligate ACSIS Corporation to accept any asset.
General standard
ACSIS may accept charitable gifts that support its mission and do not create disproportionate legal, financial, operational, reputational or compliance risk. ACSIS reserves the right to decline any proposed gift.
Review of non-cash gifts
- Real estate and land may require review of title, ownership, liens, mortgages or other debt, taxes, environmental conditions, insurance, restrictions, marketability and expected carrying or disposition costs.
- Vehicles, equipment and technology may require proof of ownership and review of condition, usefulness, transfer requirements, storage, insurance and disposition costs.
- Estate and bequest gifts may require appropriate estate, trust or probate documentation before distribution or acceptance.
- Restricted gifts must be compatible with ACSIS's charitable purposes and operational capacity.
Independent advice and valuation
Donors are responsible for obtaining their own legal, tax and financial advice and, when required, an independent qualified appraisal. ACSIS does not provide a donor's appraisal and does not guarantee the availability or amount of any tax deduction.
Authority and due diligence
ACSIS may request documentation and professional review before accepting a gift. Appropriate organizational approval must occur before ACSIS takes title to, possession of, or responsibility for an asset.
No automatic acceptance
Submission of an inquiry, proposal, deed, title document or other information does not by itself constitute acceptance by ACSIS.