Governance of Foundation

The management of all the affairs, property, and business of the Foundation is vested in the Board of Trustees subject to the provisions of the Articles of Incorporation and the Code of Regulations. The Board of Trustees is to consist of fifteen (15) members of the Foundation and two-thirds must also be Directors of the AAA-CPA Association. However, the number of Trustees may be increased or decreased by an amendment to the Regulations.

Policies and Procedures

Purpose and Effective Date of Policies and Procedures

The purpose of these policies, guidelines and procedures is to ensure that the best interests of the Donor and the Attorney-CPA Foundation are served. Although a gift may not conform to the policies contained herein, every effort shall be made to preserve the Attorney-CPA Foundation's relationship with the Donor. These policies and procedures may be amended in writing as necessary by the Foundation.

Authorization to Sign Planned Giving Agreements

The President of the Attorney-CPA Foundation shall have the express authority to negotiate and sign Planned Giving agreements on behalf of the Attorney-CPA Foundation.

Authorization to Accept Property

In accordance with this Gift Acceptance Policy, when property other than cash, listed securities, or securities traded over the counter is considered being gifted to the Attorney-CPA Foundation, the approval of the President of the Attorney-CPA Foundation shall be required. To the extent a potential gift falls outside of the scope of these policies and procedures, the approval of the Attorney-CPA Foundation's Endowment Committee shall be necessary.

Legal Name

Gifts and bequests should be directed to:

The Attorney-CPA Foundation 
PO Box 706                                           FCA Corp
Warrendale, PA 15095            or           791 Town & Country Blvd.
                                                             Suite 250
                                                             Houston, TX 77024-3925

Donors and their attorneys should be encouraged to use the legal name in legal documents in an effort to ensure validity and accuracy.

Confidentiality of Donor Information

Everything revealed by a Donor is confidential and will be treated as such at all times. Donor files must be accorded "safe storage" until such time as a file can be destroyed.

Unauthorized Practice of Law

The Attorney-CPA Foundation representatives shall not prepare legal documents for Donors or act in any manner so as be considered the practice of law under the applicable state's law.

Tax Deduction Valuation

It is the Donor's responsibility to establish a gift's value, and accordingly, the Donor shall pay all appraisal costs associated with a potential gift.

Contested Gifts

The decision as to whether to defend a contested bequest shall be considered and decided by the Board of Trustees of The Attorney-CPA Foundation, who shall take into consideration all relevant facts and circumstances.

Executor, Trustee and Power of Attorney

As a matter of policy, the Attorney-CPA Foundation will not consent to being nominated as Executor or Co-Executor of a Donor's will. If nominated. in a Donor's Will without prior knowledge, the Attorney-CPA Foundation may refuse to serve. In addition, the Attorney-CPA Foundation shall not serve as Trustee of a Donor's Revocable Living Trust or as agent under a Power of Attorney for a Donor.

Use of Legal Counsel

The Attorney-CPA Foundation shall seek the advice of legal counsel in matters pertaining to the Foundation entering into any agreements with Donors. However, agreements that fall within the ambit of these guidelines may be entered into at the discretion of the President of the Attorney-CPA Foundation without the advice or consent of legal counsel. The payment of any and all legal or other fees to the Donor's advisors shall be borne entirely by the Donor.

Ethical Standards

The Attorney-CPA Foundation's staff, volunteers, and persons employed or contractually retained by the Attorney-CPA Foundation shall refrain from all undue pressure when seeking charitable gifts from potential donors. The responsibility of every Foundation representative is to create conditions of opportunity, not obligation, in assisting the donor to fulfill their philanthropic purposes.