Subject: Gift Policy Last Updated: 04/12/05
Category: Gift Policy Supercedes: 7

I. POLICY

The Bedford Public Library System (BPLS) and the Bedford Public Library Foundation welcome gifts and donations in support of the library system and its collections., programs, services, and facilities.  Monetary gifts and donations of library materials, personal property or real property are accepted subject to policies adopted by the Library Board and the Foundation Board.

II. APPLICABILITY

The Bedford Public Library Foundation will accept gifts of money, securities or other liquid assets. 
Books, audio and videotapes, etc. are received directly by the Bedford Public Library System and accepted with the understanding that they are non-returnable and may be handled or disposed of in the best interests of the library system. Personal or real property may be accepted either by the library system or the foundation, subject to their needs and in compliance with any applicable policies. 

III. OBJECTIVE

To provide a mechanism for accepting gifts to the Library and acknowledge receipts of gifts for tax purposes

IV. PROCEDURES