Philanthropy

The Importance of a Gift Acceptance Policy for an FQHC - Part 3 (Real Estate Gifts)

The Importance of a Gift Acceptance Policy for an FQHC - Part 3 (Real Estate Gifts)

In my two previous posts regarding the importance of a Gift Acceptance Policy for an FQHC, we discussed the scope and purpose of the policy as well as the screening of gifts.  This week we will dive down into the details and discuss specifics as they relate to gifts of real estate.

The Importance of a Gift Acceptance Policy for an FQHC - Part 1 (Scope and Purpose)

The Importance of a Gift Acceptance Policy for an FQHC - Part 1 (Scope and Purpose)

FQHC Associates is often asked about the role private philanthropy can play in the Federally Qualified Health Center (FQHC) arena.  Traditionally, FQHCs have two main sources of revenue: federal grants and patient service fee revenue.  Although many FQHCs maintain fundraising as a revenue stream, they can be hesitant to pursue larger estate gifts, restricted gifts or gifts of complex assets.  These charitable gifts, whether current or planned (e.g. a gift from the donor’s estate) can further diversify a center’s revenue stream.  However, if the FQHC is not careful, that surprise gift that looks like a “game changer” can also be a hindrance to the organization’s mission.  That is why a strong gift acceptance policy is crucial.