Common use of DEVELOPMENT PROGRAM MANAGEMENT AND PURPOSE Clause in Contracts

DEVELOPMENT PROGRAM MANAGEMENT AND PURPOSE. The Foundation Development Program, as that term is used here and elsewhere in Section 4, shall be managed by the IEEE Development Office under the direction of the Foundation Executive Director, or his/her designee, in collaboration with the Foundation Development Committee. The Development Program shall raise financial resources to be used by the Foundation to support the scientific and educational purposes of IEEE through preparation and execution of fundraising and communication plans. The Foundation shall base its Development Program on responsible stewardship and accurate factual disclosure with due consideration for the privacy of donor information. The Foundation shall comply with all applicable U.S. (federal, state and local) and applicable non-U.S. (at each jurisdictional level) charitable and donation laws and regulations. Most states within the continental United States have laws and regulations governing the solicitation of charitable contributions. The amount expended on the Development Program’s fundraising efforts shall be reasonable (in compliance with the laws of many jurisdictions, less than 35% of total related contributions including donations, legacies and other gifts received as a result of the fundraising efforts).