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Subcommittee narrows delegation on donations, signals cautious stance on crowdfunding
Summary
Members agreed to remove language delegating acceptance of donations and to require public reporting; administrators recommended a conservative approach to crowdfunding—bringing any platform (e.g., GoFundMe) to the board for vetting and reserving the right to refuse funds.
The subcommittee reviewed recommended edits to policy 702 on gifts, grants and donations and debated whether the board should delegate acceptance authority or keep donation acceptance at the board level. Administration said that "all of our gifts and donations do come to the board for approval" and recommended striking language that would delegate acceptance.
Committee members…
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