Compassionate Action for Animals (CAA) solicits and accepts gifts for purposes that will help the organization further and fulfill its mission.
This policy serves to ensure that both the animals and our donors get the maximum benefit from any gifts that are made.
CAA urges all prospective donors to seek the assistance of personal legal and financial advisors in matters relating to their gifts, including the resulting tax and estate-planning consequences. The following policies and guidelines govern acceptance of gifts made to CAA for the benefit of any of its operations, programs, or services.
Use of Legal Counsel
CAA will seek the advice of legal counsel in matters relating to acceptance of gifts when appropriate. Review by counsel is recommended for
- gifts of securities that are subject to restrictions or buy-sell agreements,
- documents naming CAA or CAA officers as trustee or requiring CAA or CAA officers to act in any fiduciary capacity,
- gifts requiring CAA to assume financial or other obligations,
- transactions with potential conflicts of interest, and
- gifts of property which may be subject to environmental or other regulatory restrictions.
Restrictions on Gifts
CAA will not accept gifts that
- would result in CAA violating its bylaws and governing policies,
- would result in CAA losing its status as an 501(c)(3) non-profit organization,
- would be too difficult or too expensive to administer in relation to their value,
- would result in any unacceptable consequences for CAA, or
- would be used for purposes outside CAA’s mission.
Decisions on the restrictive nature of a gift and its acceptance or refusal shall be made by the executive director, in consultation with the board of directors. CAA reserves the right to refuse any gift.