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Fundraising Policy Summary
There may be times when you would like to organize a fundraiser to raise money for your fund. This summary policy statement has been developed by The Alaska Community Foundation to help guide those of you when planning fundraising events and solicitations. For additional information please refer to the detailed guidelines in the full policy.
Please note that ACF is not obligated to recognize as charitable gifts the proceeds from any fundraising effort that is undertaken without prior approval of the foundation.
Solicitations
Direct mail and personal solicitations of gifts to funds at ACF are permitted under the following guidelines:
- Submit written fundraising proposal to ACF program officer for approval.
- Use of ACF’s name and logo in fundraising materials requires prior approval.
- Fundraising materials should direct the donor(s) to make their checks payable to The Alaska Community Foundation – Name of Your Fund and mail their donations directly to ACF.
- ACF will not pay for any fundraising expenses without the prior approval of the fundraising budget.
- ACF may charge an additional administrative fee in some circumstances.
Fundraising Events
Events such as fundraising dinners, auctions and merchandise sales must be conducted under the fiscal guidance of ACF. The guidelines above apply as do these:
- Any portion of the fundraising proceeds that results from the provision of goods or services (auction items, dinners, etc.) to the donor is not tax deductible and must be identified and valued prior to the event. If it is a ticketed event the non-deductible value of the ticket price must be disclosed on the face of the ticket.
- Insurance coverage must be reviewed with ACF program officer prior to the event.
- The event must comply with the State of Alaska Solicitation of Contribution Act (see full policy for details).
Grants
A grant is a gift or contribution bestowed by a government or other organization for a specified purpose that is conditional upon certain qualifications as to use, specified standards, or a proportional contribution by the grantee or other grantor(s). Grants usually require compliance reporting by the grantee to the grantor.
- ACF is the legal entity for the funds (except agency funds) and is therefore the grantee.
- Grant applications must be approved by ACF prior to application.
- ACF’s CEO must co-sign all original grant applications and agreements.