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This document is a gift acceptance form for the California State University, Fresno, intended for documenting gifts-in-kind to the university and related considerations.
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How to fill out gift-in-kind acceptance form
How to fill out Gift-in-Kind Acceptance Form
01
Obtain the Gift-in-Kind Acceptance Form from the relevant department or organization.
02
Fill in the donor's contact information in the designated fields.
03
Describe the donated item(s) clearly, including details such as quantity, condition, and market value.
04
Include the intended use of the donated item(s).
05
Sign and date the form to confirm the acceptance of terms and conditions.
06
Submit the completed form to the appropriate authority or department.
Who needs Gift-in-Kind Acceptance Form?
01
Non-profit organizations seeking donations.
02
Individuals who want to make in-kind contributions.
03
Businesses providing goods or services as donations.
04
Organizations that need to track and acknowledge received donations.
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People Also Ask about
How do I write a receipt for an in-kind donation?
In-Kind Donations of $5,000 and above: In addition to the steps outlined above, the donor should have the IRS Form 8283 signed by an authorized appraiser and provide a copy of appraisal and signed IRS Form 8283 to the Foundation as required by the IRS and the LCC Foundation.
What is an example of a gift-in-kind?
In-kind donation receipts should include the donor's name, the description of the gift, and the date the gift was received. Cash donation receipt. A cash donation receipt provides written documentation of a cash gift.
What is the difference between a donation and an in-kind donation?
In-kind giving refers to donating goods or services instead of monetary funds. This type of giving can include tangible items, such as food, clothing, furniture, or toys, and professional services like volunteering your time or expertise.
How do I acknowledge an in-kind donation?
Examples of common gift-in-kind donations include a company donating office supplies, a restaurant providing catered meals for an event, or an individual donating their time and expertise through volunteer work.
What is an example of an in-kind gift?
An in-kind donation is the transfer of any other type of asset. In-kind gifts are contributions of goods or services, other than cash grants. Examples of in-kind gifts include: Goods, like computers, software, furniture, and office equipment, for use by your organization or for special event auctions.
What is an example of in-kind support?
unpaid interns or fellows; • donated supplies and loaned equipment; • donated food from food banks, etc.; • donated utilities; • donated or discounted space; transportation services to and from nutrition sites, medical appointments, shopping trips, etc.
What are the rules for gifts-in-kind?
Standards for gifts in kind The principles include: Need driven: Driven by a genuine and thorough understanding of the needs of the recipients. Quality controlled: Goods are carefully chosen, of appropriate quality, and in consultation with the recipient. Determined by informed choices.
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What is Gift-in-Kind Acceptance Form?
The Gift-in-Kind Acceptance Form is a document used to acknowledge and accept non-cash donations, such as goods or services, for an organization.
Who is required to file Gift-in-Kind Acceptance Form?
Organizations receiving non-cash donations are required to file the Gift-in-Kind Acceptance Form to formally accept and record these contributions.
How to fill out Gift-in-Kind Acceptance Form?
To fill out the Gift-in-Kind Acceptance Form, provide details such as the donor's information, description of the donated item, its estimated value, and any terms or conditions related to the donation.
What is the purpose of Gift-in-Kind Acceptance Form?
The purpose of the Gift-in-Kind Acceptance Form is to document and officially recognize non-cash donations for accounting and tax purposes, ensuring transparency and compliance.
What information must be reported on Gift-in-Kind Acceptance Form?
The information that must be reported includes the donor's name and contact information, a detailed description of the donated item, estimated fair market value, and the date of the donation.
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