Policy 704.04: Gifts – Grants – Bequests |
Status: ADOPTED |
| Original Adopted Date: 07/01/1985 | Last Reviewed Date: 06/19/2023 |
The board believes gifts, grants, and bequests to the school district may be accepted when they will further the interests of the school district. The board will have sole authority to determine whether the gift furthers the interests of the school district.
Gifts, grants, and bequests are approved by the board. Once it has been approved by the board, a board member or the superintendent may accept the gift on behalf of the school district.
Gifts, grants, and bequests once accepted on behalf of the school district become the property of the school district. Gifts, grants, and bequests are administered in accordance with terms, if any, agreed to by the board.
| Legal Reference: | Iowa Code §§ 279.42; 565.6. |
| I.C. Iowa Code | Description |
| Iowa Code § 279.42 | Directors – Powers and Duties-Gifts to Schools |
| Iowa Code § 565.6 | Gifts to Governmental Bodies |
Cross References
| Code | Description |
| 217 | Gifts to Board of Directors |
| 402.04 | Gifts to Employees |
| 508.01 | Class or Student Group Gifts |
| 704.06 | Online Fundraising Campaigns/Crowdfunding |