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Code of Federal Regulations Title 45. Public Welfare § 45.2544.150 How will accepted donations be recorded and used?

Current as of January 02, 2025 | Updated by Findlaw Staff

(a) All accepted donations of money and other property will be reported to the Chief Financial Officer (CFO) of the Corporation for recording and appropriate disposition.

(b) All donations of personal services of a volunteer will be reported to the CFO and to the Personnel Division of the Corporation for processing and documentation.

(c) Donations not designated for a particular purpose will be used for an authorized purpose described in § 2544.125.

(d) Property will be used as nearly as possible in accordance with the terms of the donation. If no terms are specified, or the property can no longer be used for its original purpose, the property will be converted to another authorized use or sold in accordance with Federal regulations. The proceeds of the sale will be used for an authorized purpose described in § 2544.125.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 45. Public Welfare § 45.2544.150 How will accepted donations be recorded and used? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-45-public-welfare/cfr-sect-45-2544-150/

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