1. The School will accept gifts (including in-kind donations) that support the mission and strategic priorities of the School and has the right to refuse gifts that are not in line with the mission and strategic priorities of the School.
2. Final responsibility for the acceptance of gifts lies with the ISB Director, based on the counsel of the Chief Development Officer, Director of Advancement, Finance & Operations Director, and others where appropriate.
3. Acceptance of any gift with an associated campus naming opportunity will be first approved by the Board of Trustees, consistent with the School’s Naming Policy.
4. Gifts made with any quid-pro-quo expectation, including sponsorships as applicable, will be evaluated on a case by case basis. The School reserves the right to refuse any quid-pro-quo gift at the discretion of the ISB Director, the Director of Advancement and/or Chief Development Officer.
5. The source of any gift to the School must be known, at a minimum, to the ISB Director, Chief Development Officer, Director of Advancement, and Finance & Operations Director.
6. The School will take into consideration a donor’s request for the intended purpose of a ‘restricted’ gift and every effort will be made to honour those requests. If the intended purpose cannot be met, the School will work with the donor to the fullest extent possible to identify another mutually agreed-upon purpose.
7. The School does not accept gifts that are contingent on the admission of specific individuals to the School.
8. Gifts to the School or to associated organisations in support of the School, may be made by money and/or marketable securities. Gifts of real property with reasonable cash value and in-kind donations are accepted at the discretion of the ISB Director, based on the counsel of the Chief Development Officer and Finance & Operations Director.
9. Costs or fees associated with gifts or sponsorship given to the School or to associated organisations in support of the School, will in most cases, be borne by the donor. Larger ‘restricted’ gifts will have a Gift Agreement, that states specifically who is responsible for costs or fees relating to that gift.