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 shall have sole authority to determine
whether the gift furthers the interests of the school district.

Gifts, grants, and bequests 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 shall become the
property of the school district. Gifts, grants, and bequests shall be 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     1/10/72                  Reviewed     08/17/2022                   Revised     6/18/2014