J. D. Williams, Sr. Bible Institute
Re-established May 2018 in honor of Bishop Joseph D. Williams, Sr.
Founder - Progressive Church Of Our Lord Jesus Christ, Inc.| 1944
GIFT ACCEPTANCE POLICY
Purpose of Guidelines
Acceptance of any contribution, gift, or grant is at the discretion of JDWSRBI. It is the policy of JDWSRBI to accept gifts of cash, securities, and property to be used for the greatest good of JDWSRBI. Gifts of cash may be made directly to JDWSRBI, and gifts of securities and property should be made in conjunction with the Business Office. With respect to anonymous gifts, all information about the donor will only be given to those staff members with a need to know. Please contact the Development Office for specific instructions.
Gifts of Cash
All cash gifts can be made electronically, in person, or through a delivery service. All checks should be made payable to JDWSRBI. JDWSRBI will respect the intent of the donor relating to gifts for restricted purposes and those relating to the desire to remain anonymous.
Gifts of Securities
Stocks, bonds, notes, or other instruments for which value can be determined in the financial marketplace should be made payable to JDWSRBI. Donors are encouraged to have a conversation with the Development Office to determine the most advantageous method of giving donations of securities. Internal Revenue Service guidelines are followed in establishing the value of donated securities.
Gifts of Real Estate
Gifts of real estate are welcomed by JDWSRBI. It is the donor’s responsibility for obtaining appraisals, EPA studies, etc., for gifts of property except in such cases where JDWSRBI will assume that responsibility. Gifts must be reviewed by the Development Office and the President and other selected counsel for environmental and economic impact, and other issues before accepting gifts of real estate. JDWSRBI Board has final approval for all gifts of real estate.
Gifts of Personal Property
Gifts of personal property (i.e., antiques, works of art, collections, etc.) are all welcomed by JDWSRBI with approval from the Development Office. The donor is responsible for securing appraisals on such property according to Internal Revenue Service guidelines. The Board of Trustees has final approval of all gifts.
Gifts of Equipment
Gifts of equipment are encouraged by JDWSRBI. However, when such equipment requires additional and/or ongoing maintenance that is not budgeted, prior approval must be received from the Business Office and the receiving area.
Challenge Gifts or Pledges
Challenge gifts or pledges requiring matching funds by the school are welcome, but the gifts must receive prior approval from the Development Office.
Gifts In Kind
Gifts in kind (gifts of goods and services) are welcomed and will be accepted at the discretion of JDWSRBI and the receiving area. Please contact the Development Office for specific instructions.
JDWSRBI reserves the right to treat each gift on an individual basis, and thereby reserves the right to accept, reject, or modify any agreement and/or gift. JDWSRBI will refrain from providing advice about the tax or other treatment of gifts and will encourage donors to seek guidance from professional advisers. JDWSRBI will provide acknowledgments to donors meeting IRS substantiation requirements for all gifts. However, except for gifts of cash and publicly traded securities, no value shall be ascribed to any receipt or other form of substantiation of a gift received by JDWSRBI.