Zion Lutheran Church’s vision and mission is “Growing in Faith…to Reach Out in Love”. This Gift Acceptance Policy is designed to establish a clear understanding of Zion’s gift acceptance policy and practices to further that vision and mission.
The purpose of this Policy is to provide guidelines for the acceptance of gifts by Zion to assure that each gift is structured to maximize benefits to the donor and Zion, without encumbering Zion with a gift that generates costs disproportionate to its benefit, or that may be restricted in a manner not in keeping with the laws governing charitable gifts or doesn’t adhere to furthering Zion’s mission.
This Gift Acceptance Policy applies to all gifts received and accepted by Zion. Any exception to this policy requires the approval of the Council.
Zion does not provide tax or legal advice. Donors should seek advice from a qualified tax or legal expert for guidance.
The following stricken text has been superseded by Zion’s Memorial Policy
The council will determine the use of the funds through the following considerations:
If the gift is restricted, but the funds are unable to be used due to the lack of program or need as determined by the council, the gift will become unrestricted after 12 months. The gift will then be considered as an unrestricted gift, as outlined in this document.
Cash, check, or money order
Retirement accounts – IRA, 401(k), 403(b), Annuity
Individual or joint bank/brokerage accounts - Transfer on death, Payable on death