Article XIII - Donations, Gifts and Contributions

Section 1. Donations

Donations to CPESC, Inc. shall be accepted subject to the approval or confirmation of the CPESC Council.

Section 2. Gifts

No gift shall, in any event, be accepted which shall or may require the payment of any annuity or other charge from the funds or resources of CPESC, Inc., except from the income or principal of such gift so made.

Section 3. Contributions

All contributions shall be payable to the CPESC, Inc. and deposited in the name of CPESC, Inc. in the depository selected therefore. A full and complete record of all gifts received shall be kept by the Financial Vice Chair of CPESC, Inc.