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Gifts Policy
The East Hampton Library welcomes
gifts of new and used books, equipment, audio recordings, videos
and similar materials. Items will be added to the collection in
accordance with the selection policy of the library. Once donated,
the items become the property of the East Hampton Library and may
be given to other libraries and non-profit agencies, sold traded
or discarded if they are not added to the collection. Donated items
will not be returned to the donor and the library will not accept
any item that is not an outright gift. The library will acknowledge
receipt of donated items but is unable to set fair market or appraisal
values. It is recommended that the donor make a list of items donated.
If the items are being donated to obtain a tax benefit, it is the
donor's responsibility to establish fair market value or obtain
expert assistance in establishing any value. The library also reserves
the right to decide when a gift added to the collection must be
withdrawn.
Monetary gifts, bequests and memorial
or honorary contributions are particularly welcome. Undesignated
funds will be used to purchase items in accordance with the selection
policy of the library. Designated donations will be applied in accordance
with the donor's wishes. Books, videos and other materials purchased
with bequests and memorial or honorary contributions will be identified
with special donor plates whenever possible. If requested, notification
of memorial or honorary contributions will be sent to the family
of the person being recognized. Suggestions for subject areas or
other areas of interest are welcome and will be followed to the
extent possible.
Acceptance of donations of real estate,
artifacts, works of art, collections and etc. will be determined
by the library board based on their suitability to the purposes
and needs of the library, laws and regulations that govern the ownership
of the gift and the library's ability to cover insurance and maintenance
costs associated with the donation.
The library will, upon request, promptly
complete the Donee Acknowledgement Part IV of IRS form 8283, acknowledging
gifts of property valued at $5,000 or more. Further, it will comply
with the IRS requirement that it will be notified on Form 8282 Donee
Information Return, of any property donation sold, exchanged or
otherwise disposed of within two years of the date of receipt. A
copy of form 8282 will be forwarded to the donor as required.
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