LCIF Donation – FAQ
1. What is the difference between unrestricted and restricted donations?
Unrestricted donations are the most important gifts to LCIF. They are not designated for a specific need, but are used to support all LCIF programs. Restricted donations are designated to specifically created funds, such as for major natural disasters, or special initiatives, like Campaign SightFirst II.
2. Should contributions be accumulated and periodically sent to LCIF?
Funds should be forwarded without delay. Doing so ensures prompt crediting of the donor’s record and issuance of LCIF recognition and awards.
3. I want to give a charitable donation directly to a humanitarian project and do not want to have it used for administrative purposes. Can I be assured of that?
Absolutely. By ruling of LCIF’s Board of Trustees, all of LCIF’s administrative and promotional expenses must be paid from interest on investments. Donations are used solely for grants.
4. Can a form of recognition, such as a Melvin Jones Fellowship, be sent out before donation is received by LCIF?
LCIF board policy requires that donations must be received at headquarters before recognition can be sent. To ensure accurate and timely processing and the prompt issuance of recognition, please include necessary documentation such as a completed Melvin Jones Fellowship application form.
5. Are there donor reports available from LCIF?
Yes, LCIF provides district governors, multiple district and district LCIF coordinators with a quarterly recap of donations and several other reports. These officers can use the reports to provide information on donations and Melvin Jones Fellowships.
6. Are there other ways to make a gift to LCIF?
Yes, stocks, planned gifts, gifts of property and securities can all be made to LCIF. For more information, please visit www.lcif.org or contact LCIF staff.