Policy G4 Donations And Naming Policy printable pdf download

POLICY G.4

____________________________________________FINANCIAL DONATIONS AND NAMING POLICY

Purpose: The community's interest in, and support of, the Library is highly valued. Monetary

donations for the purchase of library materials, equipment or furniture are welcome. The naming

policy is to clarify the requirements and procedures to be followed by the Board in order to have

specific rooms, areas, or buildings of the Brooks Public Library named for a person or an

organization.

1. Monetary Donations:

1.1.

Immediate Use Donations

1.1.1.

Monetary donations are welcomed by the Library. Tax receipts are issued by

the Library for any amount over $20.00.

1.1.2.

Monetary donations can be allocated by the donor to specific areas of the

library collection, to equipment, or to facility enhancement under the direction of the

Head Librarian.

1.1.3.

Monetary donations are deemed to include any charges for the acquisitions,

cataloguing, and processing of library items purchased with the donation.

1.1.4.

Monetary donations may be made as a part of the Brooks Public Library

Advancement Program (Attachment A). If this is the case an Advancement Program

form (Attachment B) must be filled out. The amount of money donated will determine

the colour of the donor plaque. A donor plaque will then be affixed to the

Advancement Program Donor wall according to current configuration.

1.2.

Endowment Donations

1.2.1.

The Library has an endowment fund held and managed by the Community

Foundation of Southeastern Alberta (CFSEA). Monetary donations to the Library’s

endowment fund can be made through the Library or directly through the CFSEA.

1.2.2.

Interest earned by the endowment fund is paid out annually to the Library.

Donors may allocate the interest to specific areas of the library collection, to

equipment or to facility enhancement as determined by the CFSEA guidelines.

Unallocated interest is used at the discretion of the Head Librarian for Library

operations, materials, collection or facility enhancement.

Approved by:______________________

Board Chair

Date Approved: April 12, 2013

Replaces Policy: 2-A-96

Policy G4 Donations And Naming Policy