The Foundation Director shall be authorized to accept gifts of cash or marketable securities, unrestricted donations of books and other library materials, and in-kind donations specifically designated or solicited for existing projects.

Donors may place restrictions on gifts under the following conditions:

• The restriction must be one considered compatible with the overall mission of the Foundation.
• The restriction shall not impede the ability of the library to acquire gifts from other sources.
• The restriction shall not place undue burden on the Foundation’s resources.
• The restriction shall not subject the Foundation to adverse publicity.

Board consideration and majority vote approval is required for the following types of gifts:

• Gifts of art or other valuables that will encumber the Foundation or the library either financially or administratively.
• Securities that are not readily marketable. These may include closely held stock, limited partnership interests, joint venture interests and other forms of investments that may not fall into the marketable securities category.
• Real estate. Every proposed gift of real estate must be examined on its individual merits, including, but not limited to, the title to the property and its insurability, the results of environmental investigations, and marketability. A current appraisal completed by a qualified appraiser must be provided by the donor.
• Gift annuities.
• Charitable Remainder or Lead trusts.
• Named endowment funds.

Gifts that may encumber the library either financially or administratively require approval of the County Librarian before acceptance. Examples are gifts of books given under the condition that they be placed in the collection, gifts of art given on the condition that it be displayed in the library, or cash given to create a new library program.

The Foundation reserves the right to decline any gift that interferes with its ability to fulfill its mission or that unduly encumbers either the Foundation or the library.

This work is licensed under the Creative Commons NonCommercial-ShareAlike License. To view a copy of this license, visit http://creativecommons.org/licenses/nc-sa/1.0/ or send a letter to Creative Commons, 559 Nathan Abbott Way, Stanford, California 94305, USA.