Regional board members will discuss a new policy outlining guidelines for accepting corporate donations and naming rights policy for its assets at Thursday's board meeting,Feb. 1, 2018.
Image Credit: RDOS
January 30, 2018 - 4:08 PM
PENTICTON - A policy up for discussion amongst regional directors could see regional district assets named after citizen sponsors.
Regional district directors will likely discuss that possibility as part of an overall discussion regarding a draft policy for regional district donation and naming rights later this week.
The draft policy covers a wide range of donation forms, from straight cash and property transfers to alternative donations such as securities, bequests, ecological gifts, life estates, gift annuities and other forms of wealth.
A report prepared for the directors suggests these types of donations could generate substantial revenue to the regional district, but bypassed in-kind donations like volunteer work because of the costs involved in tracking and quantifying such gifts.
Regional district Community Services project coordinator Candace Gartner says the policy is currently at a discussion level for board members, who will ultimately be the ones who decide the scope of the guidelines.
Some of the situations where donations from the public might come from include such things as: donation of a memorial bench or tree, parkland donation, cash contributions to facilities, events, recognizing someone’s public service or contributions to the community, or through sale of naming rights for existing assets, or parts of them.
Donors would be encouraged to suggest names representing local geography or local geographical features, or of persons who contributed significantly to the project, but that person would have to be in good public and moral standing in the community, the report notes.
The policy is intended to provide a consistent set of guidelines for donations, for which in most cases the regional district will be able to issue charitable tax receipts.
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