Tennessee Parks and Greenways Foundation

“Gift acceptance policy tenngreen land conservancy solicits and accepts gifts for purposes that will help the organization fulfill its mission to conserve land where people and nature can thrive. Responsibility for the preservation and enhancement of philanthropy shall be retained by the board of directors and carried out as herein defined. The goal of this fund development and gift acceptance policy is to uniformly treat donors and their gifts with full disclosure and provide guidelines for the acceptance and stewardship of gifts. The provisions of this policy apply to all gifts received by tenngreen land conservancy for any of its programs or services. Specific gifts are considered on their merits and final action is taken on those as authorized by tenngreen's board of directors. Tenngreen land conservancy urges all prospective donors to seek the guidance of independent legal and financial advisors in matters pertaining to their gifts, including the resulting tax and estate planning consequences. The following policies and guidelines govern acceptance of gifts made to tenngreen for the benefit of any of its operations, programs or services. Use of legal counsel tenngreen land conservancy will seek the advice of legal counsel in matters pertaining to acceptance of gifts when appropriate. Review by counsel is recommended for: a. Gifts of securities that are subject to restrictions or buy-sell agreements. B. Documents naming tenngreen as trustee or requiring tenngreen to act in any fiduciary capacity. C. Gifts requiring tenngreen to assume financial or other obligations. D. Transactions with potential conflicts of interest. E. Gifts of property which may be subject to environmental or other regulatory restrictions. Restrictions on gifts overly restrictive gifts tenngreen land conservancy will not accept gifts deemed by its executive committee, in consultation with the executive director, to be overly restrictive. Overly restrictive gifts include, but are not limited to, gifts that a. Would result in tenngreen violating its corporate charter, b. Would result in tenngreen losing its status as an irc 501(c)(3) not- for-profit organization, c. Are too difficult or too expensive to administer in relation to their value, d. Would result in any unacceptable consequences for tenngreen, or e. Are for purposes outside tenngreen's mission. Designated gifts tenngreen land conservancy's policy is to encourage donors to give unrestricted gifts, the proceeds of which benefit tenngreen and its programs. Where the receipt and/or administration of a designated gift is burdensome, the executive committee will determine, in accordance with this policy, whether tenngreen will accept the gift. Gifts generally accepted without review cash cash gifts are acceptable in any form, including by check, money order, credit card, or online. Gifts of cash (i.e., currency) in excess of 100,000 must be referred to the executive committee for a final determination regarding acceptance of the gifts. Marketable securities marketable securities may be transferred electronically to a tenngreen account maintained at one or more brokerage firms or delivered physically with the transferor's endorsement or signed stock power (with appropriate signature guarantees) attached. All marketable securities will be converted to cash promptly upon receipt unless otherwise directed by tenngreen land conservancy's finance & investment committee. In some cases marketable securities may be restricted, for example, by applicable securities laws or the terms of the proposed gift; in such instances the decision whether to accept the restricted securities shall be made by the executive committee. Bequests and beneficiary designations under revocable trusts, life insurance policies, and retirement plans, commercial annuities and retirement plans. Donors are encouraged to make bequests to tenngreen land conservancy in their wills, and to name tenngreen as the beneficiary in trusts, life in”

“Tenngreen land conservancy's board of directors adopted an endowment goal of 10,000 per easement property at inception of the program in 1999. This goal is evaluated with the acceptance of each easement on a case-by-case basis but not below a minimum of 5,000 per easement project. If endowment funds are not secured at or by the completion of the transaction, tenngreen has a plan to secure these funds and has a policy committing the funds to this purpose. Tenngreen's conservation easements provide guidance for arbitration and violation enforcement. However, should legal enforcement be required, the full board of directors will approve the process and budget. Restricted accounts are established for all easements and reflected on the monthly balance sheet and reported to the board. Note: contribution to an endowment fund is not required. The land gift is the real gift to conservation and stewardship funding is sought from general membership or bequests.”

“The organization is a tax-exempt organization under section 501(c)(3) of the internal revenue code (irc) and is classified as an organization that is not a private foundation as defined in section 509(a) of the irc. Therefore, no provision for federal income taxes is included in the accompanying financial statements. The organization does not believe there are any uncertain tax positions. Further, the organization does not believe they have any unrelated business income, which would be subject to federal income taxes. The organization is not subject to examination by us federal or state taxing authorities for years before 2017.”

“Special event expenses 8,247”

“Special event expenses 8,247”