Policy 736: Gifts and Donations for Perpetual Endowment Trust Fund

I. 목적

The purpose of this policy is to provide guidelines for the acceptance of gifts by the School Board for the Perpetual Endowment Trust Fund and the management of non-cash gifts including but not limited to stock, vehicles and real estate.

II. 일반 정책 방향

미네토카 공립학교 교육위원회는 학생과 지역 주민 모두에게 양질의 교육을 제공하기 위해 기증 및 기부 활동을 적극 장려합니다. 지역사회의 기증과 기부를 통한 참여는 교육구가 고객과 비전, 사명, 신념을 더욱 효과적으로 공유할 수 있도록 돕습니다.

III. REQUIREMENT

Gifts and donations to the District Perpetual Endowment Trust Fund include monetary or in-kind contributions given to the District by groups, organizations, businesses, or individuals for the purpose of enhancing either the district’s educational programs and/or physical facilities.
The proposed use of the donation must be consistent with the mission of the Perpetual Endowment Trust Fund to build a corpus that will generate investment earnings to maintain School Board-designated Programs of Significance for perpetuity.
The School Board reserves the right to accept or decline any gift based upon legal, ethical, financial, operational, or educational considerations.
Contributions of assets other than cash, such as stock, vehicles, or real estate shall be immediately sold and the subsequent cash proceeds invested in the investment vehicles authorized in Minnesota Statutes 118A.04.