I have received several inquiries recently about the rules and practices related to Charitable Auctions. To wrap up our discussions about Gift Acceptance Policy, I would like to provide some tips and suggestions related to charitable auctions.
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.