Cash handling code to include other financial donations
Howard Lake | 8 February 2011 | News
The Institute of Fundraising’s Handling of Cash Donations Code of Fundraising Practice is being redrafted to reflect the wide range of income sources for charities. Renamed in draft as ‘the Handing of Cash and Other Financial Donations Code of Fundraising Practice’, it contains sections on cheque donations, the use of debit cards, tax-effective giving and electronic transactions and ./guidance when using tills.
Specification within the draft Code includes that where children are involved in handling donations, procedures should be in place to safeguard both the child and the donations. There is also detail about how to facilitate a donor’s direct transfer of funds to a charity’s bank account, since this method has recently grown in popularity.
The draft code is now available for public consultation. Sarah Tirrell, Policy and Codes of Practice Manager at the Institute of Fundraising, said: “Whilst cash donations are widely used by charities, the draft Code reflects the continued importance of donation methods such as cheques. Its update means that our ./guidance keeps in step with other practicalities of contemporary fundraising, including technological advances which have impacted on our sector in the past few years.”
The consultation ends on 3 May 2011
www.institute-of-fundraising.org.uk/codeconsultation
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About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.