You are here

704.4 Gifts - Grants - Bequests

Code No. 704.4

GIFTS - GRANTS -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 valued at $10,000 and above are 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. The administration will approve and accept gifts, grants, and bequests valued up to $10,000.

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.

Legal Reference:           
Iowa Code§§ 279.42; 565.6 (2013).

Cross Reference:    
217    Gifts to Board of Directors
402.4    Gifts to Employees
508.1
    Class or Student Group Gifts

Approved 1/24/18
Grinnell-Newburg School District, Grinnell, IA