Scope
This policy applies to all charitable gifts offered to SCAI Foundation by any individual, couple, family, or organization.
General Policy
All fundraising programs shall be conducted in a manner that does not conflict with any SCAI Foundation policies and that protects the interests of the Foundation. Gifts shall be made to SCAI Foundation and shall be consistent with IRS rules and regulations governing charitable gifts.
Governance
The SCAI Futures Fund Working Group is responsible for interpreting this Gift Acceptance Policy and the Naming Policy and for providing recommendations to the Board of Trustees when judgment is required due to complexity or lack of clarity in existing policy. The SCAI Futures Fund Working Group will consist of approximately 10 SCAI Members with 3 year terms and the ability to be reappointed.
Confidential Information
SCAI Foundation is committed to safeguarding the privacy of individuals whose personal information it holds, including donors and prospective donors. All confidential donor and society information—whether shared verbally or stored in electronic, magnetic, or printed form—is protected to maintain trust. This policy applies to all employees and interns, including part-time, temporary, contractual, paid, and unpaid staff involved in fundraising activities. Anyone with access to confidential information is responsible for protecting it.
Accepted Gifts
Cash and Cash Equivalents
Gifts of cash, check, credit card, wire transfer, or ACH will generally be accepted and credited to the legal donor. Checks must be made payable to The Society for Cardiovascular Angiography and Interventions Foundation.
Estates, Trusts and Life Insurance
Please contact Jenna Anderson for additional information.
Gifts-in-Kind
All gifts-in-kind require review by the SCAI Futures Fund Working Group. Please contact Jenna Anderson for additional information.
Donations in Lieu of Honoraria
SCAI faculty that have been invited to a SCAI event and are promised honorarium, can donate it back to SCAI as an in-kind donation. These funds will go directly to the SCAI Futures Fund.
Unsupported Gifts
SCAI Foundation reserves the right not to accept a proposed gift for reasons including, but not limited to, the following:
- The gift involves illegality.
- The gift conflicts with the mission or policies of SCAI Foundation.
- The potential negative publicity outweighs the benefit of the gift.
- Certain non-monetary gifts that do not meet acceptance criteria.
- The administrative or legal burden outweighs the value of the gift.
- The donor seeks to exert control beyond the terms of the gift agreement.
Endowed Funds
Endowed funds are held in perpetuity, with principal invested for long-term growth. The SCAI Futures Fund Working Group will recommend the spending strategy for Board of Trustee approval.
Gift Date Policy
SCAI Foundation records a date processed to reflect when the Foundation has taken possession of an asset and recorded it for internal purposes. Donors are encouraged to consult their tax advisors regarding deductibility.
Pledge Policy
All pledges require a written Statement of Intent signed by the donor specifying amount, designation, and payment schedule. Pledges are typically scheduled over a period not to exceed five years.
- Purpose - To recognize donors in a way that honors their generosity, aligns with SCAI’s mission, and maintains the integrity of our programs and initiatives.
- Eligibility for Naming
- Naming opportunities are available for gifts that meet or exceed established funding thresholds, listed below.
- Gifts may be made as a one-time contribution or pledged over a period of up to 5 years.
- Only irrevocable commitments and endowments will be considered for permanent naming.
- Types of Naming Opportunities
- Travel Grants to Scientific Sessions: Support early career SCAI members with a travel grant to Scientific Sessions.
- Programs/Initiatives: Irrevocable commitments only. Reach out to Jenna Anderson to discuss potential programs or initiatives you would be interested in funding.
- Minimum Gift Levels
- Travel Grant to Scientific Sessions: $50,000
- Program/Initiative: Endowment of sufficient assets to support program/initiative solely through investment returns on the principal investment. Name shall remain unchanged if program/initiative is funded.
- Approval Process
- All naming proposals must be reviewed by the SCAI Futures Fund Working Group and approved by the Board of Trustees.
- Names must reflect the values and reputation of the organization.
- Minimum Duration of Naming
- Travel Funds: 5 years
- Programs/Initiatives: Length of endowment
- Donor Involvement
- Naming recognition acknowledges the generosity of the donor but does not confer any role in the governance, management, design, selection, or implementation of the named fund, program, initiative, or activity. Following the receipt of the donation, donors will not have ongoing involvement in programmatic decisions, recipient selection, or operational oversight. All decisions related to the administration and use of funds rest solely with SCAI. SCAI is responsible for outcomes reporting to donor on the project/initiative on a quarterly or annual basis as appropriate.
- Revocation Clause - The organization reserves the right to remove a name if funding ends or the donor’s actions or reputation conflict with the mission or values of the institution.