COMDTINST 5760.14
(2)
Gifts of cash, checks, securities, or negotiable instruments shall be forwarded
(FINCEN (ff)) and recorded in the official Coast Guard Gift Fund accounting
records in accordance with the Finance Center SOP Manual, FINCENSTFINST
M7000.1.
i.
Special Projects. Special projects relate to the acquisition, improvement, modification or
renovation of real property shore facility asset(s). These are usually larger projects in cost,
scope and complexity and may take more than 12 months to complete from planning
through construction completion. Special projects stand to significantly improve the
quality of life for Coast Guard members and families at Coast Guard facilities nationwide.
While not the only source of funding, the Coast Guard Foundation is a major contributor to
special projects. Projects previously funded by the Foundation include large play
structures for Coast Guard dependents, pool facilities, gym facilities, tennis/basketball
courts, rowing or sailing centers, etc. In order to exercise due diligence in accepting these
types of gifts the procedures in enclosure (1) for special project approval shall be followed.
j.
Disposal of Gift Property. Contact Commandant (G-CFM-3) for information regarding
disposal of gift property. In some cases, proceeds from sales of gift property may be
deposited in the Gift Fund, if consistent with the terms of the gifts.
k.
Gift Fund Management.
(1)
The Coast Guard Gift Fund is one of the funds subject to the internal control and
financial statement/audit requirements imposed by the Chief Financial Officer Act.
Unless prohibited by law, gifts of money are to be expended in accordance with the
terms of the gift. In order to maximize the usefulness of the gift, the principal will
normally be invested in Treasury bills. The Finance Center will maintain the gift
fund accounting records (including the Yard and Inventory Control Points) and will
invest available funds based on spend plan needs and in consultation with
Commandant (G-CFM). Units will generally be provided with special gift fund
Program Element Status reports.
(2)
Units with gifts in the gift fund shall provide the following to
Commandant (G-CFM):
(a)
By 15 August: A spend plan for approval. The plan should contain an
itemized list of planned expenditures and amounts. Approved plans shall be
returned by 1 October. Commandant (G-CFM) will provide the Finance
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