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GIFTS, GRANTS AND BEQUESTS
Only the Board of Education by resolution duly passed at a public meeting may accept any bequest or gift of money, property goods or services. No gift may be accepted by any staff member of behalf of the Board of Education. the Board of Education reserves the right to refuse to accept any gift which does not contribute toward the achievement of the goals of this district or the ownership of which would tend to deplete the resources of the district. Any gift accepted by the Board shall become the property of the Board, may not be returned without the approval of the Board, and is subject to the same controls and regulations, especially regulations regarding safety, as are other properties of the Board. The Board shall be responsible for the maintenance of any gift it accepts. The Board will make every effort to honor the intent of the donor in its use of the gift, but reserves the right to utilize any gift it accepts in the best interest of the educational program of the district. In no case shall acceptance of a gift be considered to be an endorsement by the Board of a commercial product or business enterprise or institution of learning. Grants Staff members are encouraged to seek out sources of grants and gifts, and bring them to the attention of the Superintendent or his/her designee, who shall investigate the conditions of such grants and make recommendations to the Board regarding the advisability of seeking them. The Superintendent or his/her designee shall:
The Board of Education has approved an educational foundation created for the purpose of soliciting and raising monetary gifts and donations for the school district. This foundation is governed by a Board of directors and recommends expenditures of funds in educational areas not ordinarily covered by the school budget and in accordance with criteria in its bylaws. Members of the Board of Education and/or the administration may serve on the Board of directors of the educational foundation. Policies and regulations on gifts to the district shall apply to funds raised by the foundation. Date: April 14, 1986 November 19, 2001 First Reading December 10, 2001 Approved Legal References: N.J.S.A. 18A:6-33.1 through -33.12 Incentive Grants N.J.S.A. 18A:20-4 Acceptance and use of gifts N.J.S.A. 18A:20-11 through -16 Property devised in trust N.J.S.A. 18A:29A-1 through -7 Governor's Annual Teacher Recognition Act N.J.S.A. 18A:71A-1 et seq. Authority Structure and General Provisions N.J.S.A. 18A:71B-1 et seq. Student Financial Aid N.J.S.A. 18A:71C-1 et seq. Student Loans N.J.A.C. 6:22-2.1 Approval of land acquisition for school sites Cross References: 1230 School-connected organizations 3200 Income 3220/3230 State funds; federal funds 3453 School activity funds 5126 Awards for achievement 6163.1 Media center/library Key Words Gifts, Grants, Bequests |
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