The board believes gifts, grants, and bequests to the school district may be accepted when they shall further the interests of the school district. The board shall 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 shall be approved by the Superintendent and his/her designee. Gifts of a value of $5,000 or higher shall 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 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 shall require prior approval by the board.
Legal Reference: Iowa Code §§ 279.42; 565.6
Cross Reference: 217 Gifts to Board of Directors
402.4 Gifts to Employees
508.1 Class or Student Group Gifts
Reviewed: 3-14-94, 11-10-08, 8-12-19
Revised: 1-26-98, 2-9-04, 2-24-14