PACT Charter School

Original Creation Date: September 10, 2012
Last Approved By: PACT Charter School Board of Directors
Last Approved Date: April 6, 2023
Year Reviewed: 2022-2023

POLICY STATEMENT

PACT Charter School's policy is to accept gifts only in compliance with state law (Minnesota Statute 123B.02, Subd. 6 and 465.03).

Purpose

This plan aims to provide guidelines for accepting gifts and donations on behalf of PACT Charter School and the Board of Directors.

Scope

Bequests, donations, and gifts are a benefit to the school and assist with student and educational programs.

Distribution List

Financial Policy, Budget & Finance Committee, Board, Executive Director

BEQUESTS, DONATIONS, AND GIFTS

Acceptance of Gifts

For the benefit of the school, the Executive Director may accept gifts, bequests, or donations for any proper purpose up to $1000 without prior board approval. Gifts from or Grants applied for by the PACT Panthers Parent Teacher Organization or Panthers Booster Club may be accepted by the Chief Executive Director regardless of the amount. The school board shall have the sole authority to determine whether any gift, bequests, or donations for any proper purpose or any precondition, condition, or limitation on use included in a proposed gift furthers the interest of or benefits the school and whether it should be accepted or rejected as a donation on behalf of PACT Charter School.

Gifts of Real or Personal Property

The School Board may accept bequests, donations, gifts, grants, or devise of real or personal property only by the adoption of a resolution approved by a majority of members. The resolution must fully describe any conditions placed on the gift. The real or personal property so accepted may not be used exclusively for religious or sectarian purposes. The Executive Director may accept gifts with a fair market value of up to $1000 without prior board approval. The Chief Executive Director may accept gifts from the PACT Panthers Parent Teacher Organization or Panthers Booster Club valued at any amount without prior board approval. 

ADMINISTRATION 

If the school board agrees to accept a bequest, donation, gift, grant or device, which contains preconditions, conditions or limitation on use, the school board, shall administer it in accordance with those terms. Once accepted, a gift shall be the property of the school unless otherwise provided in the agreed-upon terms.