SECTION IV: LIBRARY ORGANIZATION AND MANAGEMENT
C. Internal Rules and Regulations
3. Gifts & Loans (Revised 8/12/2013)

A. Trustees of Cook Memorial Library shall be authorized to accept and expend gifts in accordance with NH RSA 202A:4-c and d.

B. Gifts are accepted with the understanding that the library has the sole authority to determine the disposition of each item, whether to use/add to the collection, dispose of, restore, or sell.

C. Loans or conditional gifts should be accepted only in special circumstances and are at the discretion of the director in consultation with the board of trustees. All loans or conditional gifts require an individualized contract, which must be approved by the board of trustees. All such contracts shall include a statement that the signer has read this policy.

D. Gifts of money, real estate and/or stock may be accepted if attached terms and conditions are acceptable to the board of trustees and meet applicable laws.

E. Gifts of personal property may be accepted at the discretion of the director in consultation with the board of trustees.

F. The library will issue a receipt for gifts of personal property if requested, but will not attach a dollar amount.

G. Monetary gifts over $500.00 will be acknowledged with specific reference to the giver’s intention, in accordance with Internal Revenue Code 170(a)(1) and 170 (c)(1).

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