Thank you for choosing to support our cause!
The following is an excerpt from our Finance Policy that seeks to address the rights and regulations for all donors. If you have any questions, do not hesitate to contact us at email@example.com!
All constituents who choose to make a financial commitment to CHAI Immigrant Centre will be protected under the Donor’s Bill of Rights. These rights ensure the donor’s support will be allocated appropriately according to CHAI’s mission, he/she will have access to and knowledge of CHAI’s financial report and leadership team, his/her privacy will be protected (see 7.2), and he/she will be acknowledged and recognized for their generosity. Anonymity will be granted to any donor who makes this request.
CHAI Immigrant Centre will protect every donor’s privacy in concordance with The Freedom of Information and Protection of Privacy Act (“FIPPA”) and The Personal Health Information Act (“PHIA”). Any information collected from donors will be to fulfill necessary administrative purposes, such as their name, location, contact information, and any personal information the donor wishes to disclose as a prayer request for the board and director.
Donated Materials and Services
Donated materials and equipment shall be reflected in the Financial Statements at their estimated values measured on the receipt. All financial statements will be available to the donor as per the Donor’s Bill of Rights (see 7.1). Volunteers who donate time to CHAI’s Program services on an on-going basis and other volunteers who contribute time and services for administrative or fundraising activities will not be reflected in CHAI’s financial statements, since there is no objective way of assessing their value.
CHAI currently only accepts gifts to the general operating budget, which supports Friday CHAI activities, salary, food, and other expenses. If the donor wishes to restrict his/her gift to a specific fund, it will need to be brought to the attention of the board and director to ensure the funds will be fully spent within the timeline prescribed by the donor. This also ensures that CHAI continues to abide by the Donor’s Bill of Rights (see 7.1).
The following gifts are deemed eligible for acceptance by CHAI Immigrant Centre:
- Will and bequest
- Charitable gift annuities
- Life insurance Policy
- Retirement fund
- Publicly traded securities
Gifts of property CHAI will engage in the following practices:
- Will not accept gifts that are not recognized by CRA, or violate federal, provincial or municipal laws.
- Will not accept gifts, enter into partnerships, or accept support that will compromise its commitment to its mission.
- Will protect its missional integrity and does not accept gifts when a condition of such acceptance would compromise the organization’s fundamental principles.
- Reserves the right to accept or decline any gift. The final decision to decline a gift rests with the board.
Receipts to Donors
The Treasurer shall ensure that all donors and contributors shall receive proper acknowledgement of their contributions in accordance with CRA Guidelines. This aligns with both cash gifts and gifts of property.
CHAI Immigrant Centre will issue an official receipt for donations of $20 or more that qualify as charitable gifts. Receipts for donations of less than $20 will be issued only when requested by the donor.