Massachusetts Acknowledgment by Charitable or Educational Institution of Receipt of Gift

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Multi-State
Control #:
US-0035BG
Format:
Word; 
Rich Text
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Description

Most charitable organizations seek to acknowledge all contributions in a professional and timely manner. This includes gifts of cash, stocks, other securities, in-kind gifts, pledges, pledge payments, bequests, bequest expectancies, gifts of personal assets, and other deferred gifts. A written notification is sent to inform a donor that the gift has been received. Letters of acknowledgment from persons other than those with delegated acceptance authority do not constitute legally recognized acceptance and should not state nor imply that a gift has been accepted.

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FAQ

Offering or accepting personal gifts may influence an individual's decisions and thus may constitute a conflict of interest. Employees and covered individuals are deemed to have received a ?gift? when an item of value is given to them personally, to their designee or to their family member for their benefit.

The Gift Local E-Gift Card is the official gift card for North Central Massachusetts. When you give a Gift Local E-Gift Card you are supporting local small businesses in the community and giving the recipient the gift of choice.

What is a gift? Any gratuity, favor, discount, entertainment, hospitality, loan, or other item having monetary value.

268A, § 3(b) from requesting, agreeing to receive or accepting such gifts.) Section 23(b)(2)(i) of the conflict of interest law prohibits public employees to accept a gift of substantial value received for or because of the public employee's official position unless the gift is authorized by statute or regulation.

Under Massachusetts law, a gift certificate or a merchant credit slip (given for returned merchandise) must be redeemable for a minimum of seven years from its date of issuance.

G.L. c. 268A does not define the terms gift and gratuity; instead, the law prohibits "anything of substantial value." Gifts may include honoraria and any free or discounted items or services, such as meals, entertainment event tickets, golf and travel expenses, for which payment is normally required.

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Massachusetts Acknowledgment by Charitable or Educational Institution of Receipt of Gift