Gifts

In appreciation of community support, the Mahopac Public Library accepts gifts, donations, and memorials.

· Restricted gifts will be accepted. Generally, the Library Director will accept restricted donations that fall within the established collection guidelines or previously established Board of Trustees policy. Donations with unusual restrictions will be referred to the Board of Trustees or the Executive Committee for consideration.

· Unrestricted monetary gifts and gifts of securities or investments generally will be accepted in accordance with Board of Trustees established investment policy.

· Gifts of library materials (books, magazines, tapes, etc.) will be accepted with the understanding that the Library reserves the right to add them to the collection, distribute them to other libraries, sell them, or give them away. Gift materials will be evaluated by the same selection standards that apply to purchased materials.

· Gifts such as, but not limited to, real and personal property, art objects, portraits, antiques, and other collectibles will be accepted only on the condition that they may be sold, given away, or discarded at the discretion of the Board of Trustees.

· Gift items will be acknowledged in writing if the donor wishes. Generally, the Library, or its agents, will not appraise or estimate the value of gift donations. The responsibility for such assessment normally lies with the donor in accordance with Publication 561, Determining the Value of Donated Property, issued by the Internal Revenue Service.

· The Library Director shall report to the Board of Trustees all gifts, not less than quarterly. The report shall include both the nature of the gift and its monetary value.

· The Board of Trustees reserves the right to refuse any gift.

Policy Adopted: February 28, 1990
Revised: December 15, 2004