1. The acceptance of any contribution, donation or grant is at the discretion of the Puerto Rico Community Foundation. The Puerto Rico Community Foundation will not accept any donation unless it can be used or spent in a manner consistent with the purpose and mission of the Puerto Rico Community Foundation.
No irrevocable donation will be accepted, whether it be a direct or life annuity, if under any reasonable set of circumstances, the donation would endanger the donor's financial security.
3. Only persons (natural or legal) who have the legal capacity to do so may make donations to Puerto Rico Community Foundation.
4. The Community Foundation will refrain from giving advice on tax or other treatment to donations and will encourage donors to seek guidance from their own professional advisors to assist them in the process of making their donation.
5. The Puerto Rico Community Foundation will accept donations in cash or publicly traded securities. Donations of in-kind services will be accepted at the discretion of the Puerto Rico Community Foundation.
6. Certain other donations, real estate, personal property, donations in kind, illiquid securities and contributions from nontransparent sources or whose use is restricted in some way, must be reviewed before being accepted due to special obligations or liabilities that may arise for Puerto Rico Community Foundation.
7. The Puerto Rico Community Foundation will provide recognition to donors who meet the tax requirements for the goods received by the charity as a donation. However, with the exception of cash donations and securities listed on the stock exchange, no value will be attributed to any receipt or other form of justification for a donation received by The Puerto Rico Community Foundation.
8. The Puerto Rico Community Foundation will respect the intention of the donor in connection with donations for limited purposes as well as with the intention to remain anonymous. In regard to anonymous donations, The Puerto Rico Community Foundation will restrict information about the donor only to those staff members required to know the donor's identity.
9. The Puerto Rico Community Foundation will not compensate, either through commissions, search fees or other means, a third party for directing a gift or a donation to The Puerto Rico Community Foundation.
10. All donations made between donors and The Puerto Rico Community Foundation will be governed by these Donation Terms and by the laws of the Commonwealth of Puerto Rico.