Gift Refusal Policy

In the spirit of assuring the maximum charitable use of philanthropic assets, The Clowes Fund requires its officers, directors, members and staff to decline any and all gifts of tangible property (other than token items of nominal value), cash or investment assets from any non-profit or for-profit entity where such gift is associated, directly or indirectly, with proposals to or grants made by The Clowes Fund. Such gifts are to be politely refused and returned to the sender. Furthermore, in embracing the highest ethical standards, The Clowes Fund requires its officers, directors, members and staff to exercise discretion when considering invitations to events, performances, programs, luncheons or other activities from past, present or potential grantees.