General Gift Acceptance Policies:
Water First International (dba “Water 1st”) solicits and accepts gifts that are consistent with its mission and that support our core programs, as well as special projects.
Restrictions on Gifts
Water 1st will not accept gifts that (a) are for purposes outside Water 1st’s mission, (b) would result in Water 1st losing its status as an IRS 501(c)(3) not-for-profit organization, (c) are too difficult or too expensive to administer in relation to their value, or (d) would result in any unacceptable consequences for Water 1st. All final decisions on the restrictive nature of a gift, and its acceptance or refusal, shall be made by the Water 1st Board Executive Committee. In general, Water 1st cannot accept a restricted gift of less than $10,000.
The following gifts to Water 1st are generally accepted without review
• Cash: Cash gifts are acceptable in any form, including by check, money order, credit card, or on-line.
• Marketable Securities: Marketable securities may be transferred electronically to an account maintained at one or more brokerage firms or delivered physically with the transferor’s endorsement or signed stock power (with appropriate signature guarantees) attached. Unless otherwise directed by Water 1st’s Board Finance Committee, all marketable securities will be sold promptly upon receipt, and the fund the donor established will be credited with the proceeds from the sale, after commissions and expenses, if any. In some cases marketable securities may be restricted, for example, by applicable securities laws or the terms of the proposed gift; in such instances the decision whether to accept the restricted securities shall be made by the Water 1st Board Executive Committee.
Bequests and Beneficiary Designations under Revocable Trusts and Life Insurance
Plans: Donors are encouraged to make bequests to Water 1st under their wills, and to name Water 1st as the beneficiary under trusts and life insurance policies.
Certain types of gifts must be reviewed by the Water 1st Board Executive Committee prior to acceptance due to the special liabilities they may pose for Water 1st.These include, but are not limited to—
• Tangible Personal Property
• Life Insurance
• Real Estate
• Charitable Remainder Trusts
• Charitable Lead Trusts
Water 1st reserves the right to refuse any proposed gift. All decisions to solicit and/or accept potentially controversial gifts will be made by the Executive Committee of the Board in consultation with the Executive Director. The primary consideration will be the impact of the gift on the organization.