Policies and Procedures
Rescue Bank has written policies and procedures that establish our mutual responsibilities and the controls required to meet our fiduciary duties. These documents address issues such as:
- Qualifying rescue groups and fosters for product grants, based on criteria established by Rescue Bank and its donors.
- Maintaining current information on recipient groups and providing that to product donors on request.
- Scheduling shipments and distributing donated inventory as quickly and equitably as possible.
- Complying with regulatory requirements.
In-kind donations such as pet food and supplies are reported to our accountants and the IRS at fair market value, just as if it were cash. For that reason, we track donations the same as a financial grant program. This makes having- and consistently applying- written procedures a very important part of our operation. Rescue Bank’s product distributions are audited annually as part of GreaterGood.org’s financial statement.