Get the free Gift in Kind Transmittal Form - CFAES Finance - cfaesfinance osu

GIFTINKIND TRANSMITTAL FORM Advancement Records 1480 W Lane Ave Columbus, OH 43221 P:2922141 gifts OSU.edu GIFT INFORMATION All fields in this section are REQUIRED Gift Type (Must select one): GIFTINKIND

How to fill out gift in kind transmittal

How to fill out a gift in kind transmittal:

1. Start by filling out the date of the transmittal at the top of the form.
2. Next, provide the name and contact information of the donor who is giving the gift in kind. Include their full name, address, phone number, and email address if available.
3. In the recipient section, provide the name and contact information of the organization or individual receiving the gift. Include their full name, address, phone number, and email address if applicable.
4. Describe the gift in detail. Include the type of gift, its value, and any relevant specifications or special instructions.
5. If the gift in kind is being requested by the recipient, indicate the purpose or intended use of the gift. If it is not requested, you can leave this section blank.
6. Provide any additional information or comments that may be necessary or helpful in processing the gift. This can include any specific instructions for handling or delivering the gift.
7. If there are any attachments or supporting documents related to the gift in kind, make a note of them in the appropriate section of the form.
8. Lastly, sign and date the transmittal to certify that the information provided is accurate and complete.

Who needs a gift in kind transmittal:

1. Nonprofit organizations: Nonprofit organizations often rely on receiving gifts in kind to support their programs and services. A gift in kind transmittal helps them keep track of the gifts they receive and ensures proper acknowledgment.
2. Individuals donating high-value items: If an individual is donating a high-value item, such as artwork, collectibles, or equipment, a gift in kind transmittal can provide documentation for tax purposes.
3. Businesses or corporations: Businesses or corporations often donate goods or services as part of their corporate social responsibility efforts. A gift in kind transmittal helps them track and document these donations.

In summary, anyone who is involved in donating or receiving a gift in kind can benefit from using a gift in kind transmittal form. It helps ensure that all the necessary information is properly documented for record-keeping, acknowledgment, and tax purposes.

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What is gift in kind transmittal?

Gift in kind transmittal is a document that reports the donation of non-cash items or services.

Who is required to file gift in kind transmittal?

Nonprofit organizations and individuals who receive gifts in kind are required to file gift in kind transmittal.

How to fill out gift in kind transmittal?

Gift in kind transmittal must be filled out by providing the details of the non-cash donation, including a description of the item or service, its value, and the donor's information.

What is the purpose of gift in kind transmittal?

The purpose of gift in kind transmittal is to report and acknowledge non-cash donations for tax and record-keeping purposes.

What information must be reported on gift in kind transmittal?

The information reported on gift in kind transmittal includes a description of the donated item or service, its estimated value, the donor's name and contact information, and the recipient's information.