Gift Policies and Guidelines
The purpose of this is to consolidate and summarize the existing policies and procedures surrounding business transactions between 线上赌博app and the 线上赌博app Development Foundation. The following summary is based on a number of 线上赌博app policies and procedures, a memorandum of understanding between 线上赌博app and the Foundation, and 线上赌博app Development Foundation Guidelines for Disbursement of Funds to 线上赌博app Personnel (dated July 2011).
Summary
线上赌博app and the 线上赌博app Development Foundation are two separate legal entities. 线上赌博app is a part of the state government of North Dakota. The 线上赌博app Development Foundation is a legally separate foundation, which is tax-exempt under IRS Section 501(c)(3). Since both entities fall under extensive legal and regulatory requirements, it is important to process transactions under the appropriate entity.
Related Policies:
线上赌博app Policy 503 – Receipting
线上赌博app Policy 803 – Gifts vs. Grant Policy
线上赌博app Accounting Office Guideline - Deposit of Incoming Monies by 线上赌博app Depts
线上赌博app Accounting Office Guideline - Disbursement of Incoming Monies by 线上赌博app Depts
Related Procedures and Other Documents:
线上赌博app Accounting Office Guidelines – Bank & Investment Accounts – Foundation Accounts (source: 线上赌博app Accounting Office website)