Code No. 704.4
Gifts – Grant – 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. The board will have sole authority to determine whether the gift furthers the interests of the school district.
Gifts, grants and bequests under a value of $5,000 will be approved by the Superintendent and his/her designee. Gifts of a value of $5,000 or higher will be 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 will become the property of the school district. Gifts, grants, and bequests are administered in accordance with terms, if any, agreed to by the board.
The naming of any portion of district buildings, facilities, or grounds after a donor, benefactor or school patron will require prior approval by the board.
Legal Reference: Iowa Code §§ 279.42; 565.6 (2013).
Cross Reference: 223 Gifts to School Board Members
402.4 Gifts to School District Personnel
508.1 Class or Student Group Gifts
Approved: May 8, 1989
Reviewed: May 15, 2017
Revised: May 15, 2017
Revised: December 17, 2018