Independent Advice

Adopted September 2016

Relevant Legislation

Reviewed Feb 1, 2018

Not application to this policy.

 Intent

To ensure that the donors best interests are respected at all times.

Definitions

Not applicable to this policy.

  Policy

If a donor proposes to make a Major or Planned Gift and/or LOFT has any reason to believe the proposed gift might significantly affect the donor’s financial position, taxable income, or relationship with other family members, LOFT will encourage the donor to seek independent expert advice before finalizing the gift.

If a LOFT staff member is asked for advice by a donor, the staff member may answer to the best of his or her ability while also stating to the donor that LOFT does not provide professional advice, and encouraging the donor to speak to their own personal financial and/or estate planning advisors.

  Procedures:

See Development Manual