Acceptance of any contribution, gift or grant is at the discretion of FIRST RGV, INC . FIRST RGV will not accept any gift / donations unless it can be used or expended consistently with the purpose and mission of the non profit charity.
No irrevocable donation, whether outright or life-income in character, will be accepted if under any reasonable set of circumstances the donor would jeopardize the donor’s financial security.
FIRST RGV will refrain from providing advice about the tax or other treatment of gifts and will encourage donors to seek guidance from their own professional advisers to assist them in the process of making their donation.
FIRST RGV will accept donations of cash and in-kind services will be accepted as long as it is done in a manner transparent to its origin to ensure compliance with applicable laws.
Certain other gifts, real property, personal property, in-kind gifts, non-liquid securities, and contributions whose sources are not transparent or whose use is restricted in some manner, must be reviewed prior to acceptance due to the special obligations raised or liabilities they may pose for .
FIRST RGV will provide acknowledgments to donors meeting tax requirements for property received by the charity as a gift. However, except for gifts of cash, no value shall be ascribed to any receipt or other form of substantiation of a gift donation received by FIRST RGV.
FIRST RGV will respect the intent of the donor relating to gifts for restricted purposes and those relating to the desire to remain anonymous. With respect to anonymous gifts, FIRST RGV will restrict information about the donor to only those staff members with a need to know.
FIRST RGV will not compensate, whether through commissions, finders' fees, or other means, any third party for directing a gift or a donor to FIRST RGV.
FIRST RGV, INC is a non profit public educational charity as defined by the Internal Revenue Service 501(C)(3).
