Gift Acceptance and Acknowledgment. The Foundation will establish, adhere to, and periodically assess its gift/grant acceptance and fund management policies and procedures. The Foundation will, as required or requested, promptly acknowledge and issue receipts for all gifts or grants made to the Foundation and provide appropriate recognition and stewardship of such gifts or grants. If gifts are received by the Consortium Board instead of the Foundation, the Consortium Board will provide appropriate recognition for such gifts or grants. The Foundation, on behalf of the Consortium Board, shall routinely accept appropriate gifts-in- kind of equipment and supplies intended for Consortium Board’s use.
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