Article 6: Funding

Former wording:

Section 2: Gifts

The Board of Directors may accept on behalf of the corporation any contribution, gift, bequest, or devise for the charitable or public purposes of this corporation.

Section 4: Deposits

All funds of the corporation shall be deposited from time to time to the credit of the corporation in such banks, trust companies, or other depositories as the Board of Directors may select.

Amended wording (addition italicized):

Section 2: Gifts

The Board of Directors may accept on behalf of the corporation any contribution, gift, bequest, or devise for the charitable or public purposes of this corporation. A log of all gifts shall be kept, specifying the Name of the donor, Address of the donor, Date of donation, Amount of donation, Route by which the gift was received, and Receipt number. Gifts of $1,000 or less, carrying no stipulations or restrictions, do not require review or approval by the Board of Directors, but all gifts over $1,000 or which carry stipulations or restrictions do require such review and approval by the Board of Directors. Gifts without stipulations or restrictions shall be placed directly into a Gift Pool to be disbursed as the Board shall determine and rule.

Section 4: Deposits

All funds of the corporation shall be deposited from time to time to the credit of the corporation in such banks, trust companies, or other depositories as the Board of Directors may select. Any Gift Pool collection not directly under the control of the Treasurer shall be forwarded to the Treasurer when such collection reaches a total of $1,000, or as the Board shall direct. Such collection points must make a quarterly reporting to the Board of Directors in concert with the quarterly reporting required of the Treasurer.