Fundraising and Solicitation Policy for the Mentor Me Now Foundation in Nevada:
1. Purpose:
a. The purpose of this policy is to provide guidelines and procedures for fundraising and solicitation activities conducted by the Mentor Me Now Foundation ("Foundation" by the laws and regulations of Nevada.
2. Compliance:
a. The Foundation will comply with all applicable state and federal laws, including but not limited to Nevada's Registration and Reporting Requirements for Charitable Organizations, to ensure proper fundraising and solicitation practices.
b. The Foundation will obtain and maintain any required licenses, permits, or registrations necessary for fundraising activities in Nevada.
3. Ethical Conduct:
a. The Foundation is committed to conducting fundraising and solicitation activities with honesty, integrity, and transparency.
b. All fundraising communications, including written materials, social media, and public statements, will accurately represent the Foundation's mission, programs, and use of funds.
c. Donations received by the Foundation will be used consistently with the donors' intent to further the Foundation's mission.
4. Donor Privacy and Confidentiality:
a. The Foundation will respect and protect the privacy of its donors.
b. Personal information collected from donors will be used solely to execute and acknowledge donations and will not be shared or sold to third parties without explicit consent, unless required by law.
5. Financial Accountability:
a. The Foundation will maintain accurate financial records and provide regular reports on using, and allocating donated funds.
b. Financial reports will be prepared in accordance with generally accepted accounting principles (GAAP) and comply with any additional reporting requirements of applicable laws and regulations.
6. Gift Acceptance:
a. The Foundation reserves the right to accept or decline donations and gifts that are inconsistent with its mission, values, or legal obligations.
b. Certain types of gifts, such as non-cash assets or complex securities, may be subject to review and approval by the Foundation's Board of Directors before acceptance.
7. Fundraising Transparency:
a. The Foundation will provide clear and accessible information to the public, including donors, about its programs, impact, and financial performance.
b. The Foundation will maintain a dedicated section on its website that provides relevant information, such as its mission statement, IRS Form 990, annual reports, and audited financial statements.
8. Legal Compliance:
a. The Foundation will continuously monitor and comply with all relevant federal, state, and local laws regarding charitable fundraising, including registration and reporting requirements.
b. The Foundation will submit all necessary filings and reports to the appropriate regulatory agencies in a timely manner.
9. Fundraising Events:
a. The Foundation may conduct fundraising events and activities in compliance with applicable regulations and best practices.
b. Procedures for planning, executing, and evaluating fundraising events will be implemented to ensure proper financial management, risk assessment, and accountability.
10. Review and Amendment:
a. This policy will be reviewed regularly by the Foundation's Board of Directors to ensure its ongoing effectiveness and compliance with applicable laws and regulations.
b. Any amendments to this policy will be approved by the Board of Directors and communicated to relevant staff, volunteers, and stakeholders.
Adopted by the Mentor Me Now Foundation on 11/12/2023
Board of Directors:
LaTonya Miller (Board Director)
