704.04 - Gifts, Grants, Bequests

704.04 Gifts, Grants, Bequests

 

The board believes gifts, grants, and bequests to the school district may be accepted when they will further the interests of the school district. When the gift, grant or bequest is monetary greater than $500.00, the board will have sole authority to determine whether the gift furthers the interests of the school district. Gifts, grants, and bequests that are less than $500.00 or are physical items need approval of the appropriate administrator.

 

Gifts, grants, and bequests greater than $500.00 are approved by the board. Once it has been approved by the board, a board member or the superintendent may accept the gift on behalf of the school district. 

 

Gifts, grants, and bequests once accepted on behalf of the school district become the property of the school district. Gifts, grants, and bequests are administered in accordance with terms, if any, agreed to by the board.

 

Legal Reference: Iowa Code §§ 279.42; 565.6.

 

Approved: October 2, 2023

Reviewed: October 2, 2023

Revised: October 2, 2023