Get the free Gift-in-Kind Information Form - ncssm

This form collects information related to the donation of personal or real property to the North Carolina School of Science and Mathematics, including details about the donor and the property being

How to fill out gift-in-kind information form

How to fill out Gift-in-Kind Information Form

1. Begin by entering the date of the donation at the top of the form.
2. Fill in the donor's name and contact information in the designated fields.
3. Provide a detailed description of the donated items, including quantities and conditions.
4. Assign a fair market value to each item as accurately as possible.
5. Indicate whether the donation is for a specific program or general support.
6. Sign and date the form at the bottom to certify the accuracy of the information provided.
7. Submit the completed form to the appropriate organization or department.

Who needs Gift-in-Kind Information Form?

1. Organizations that accept non-cash donations for their programs.
2. Donors who want to provide a record of their gifts for tax deduction purposes.
3. Entities that require documentation for auditing or compliance purposes.

People Also Ask about

What is an example of an in-kind gift?

A charitable gift of property – often art, rare books, academic papers, equipment, or real estate – are called “gifts in kind” and require special administration. For example, gifts of real estate, certified cultural property or corporate inventory property involve specialized procedures.

How to acknowledge a gift in kind?

Here is a simple example of an appropriate in-kind donor acknowledgment: “Thank you for your generous contribution of [detailed description of goods/services], received by [name nonprofit] on _ [date of receipt]. No goods or services were provided in exchange for your contribution.

What is the difference between gift in money and gift-in-kind?

A gift in money gives the charity the flexibility to spend on what they need most, while a gift-in-kind can directly provide the items or skills they might otherwise have to buy.

What does gift-in-kind mean?

A gift-in-kind, or in-kind donation, refers to a contribution of goods or services rather than cash. This type of donation can include a wide variety of items, including tangible goods, like food, clothing, or equipment, as well as professional services, such as legal advice, graphic design, or marketing support.

What is meant by gift in kind?

Gifts in kind, also referred to as in-kind donations, is a kind of charitable giving in which, instead of giving money to buy needed goods and services, the goods and services themselves are given.

Why is it called in-kind?

The term in kind (or in-kind) generally refers to goods, services, and transactions not involving money or not measured in monetary terms. It is a part of many spheres, mainly economics, finance, but also politics, work career, food, health and others.

What is a receipt for in kind donation?

In-kind donation receipt. The donor, not the nonprofit, must determine the monetary value of goods donated. In-kind donation receipts should include the donor's name, the description of the gift, and the date the gift was received.

For pdfFiller’s FAQs

What is Gift-in-Kind Information Form?

The Gift-in-Kind Information Form is a document used to report non-cash donations or contributions made to an organization. It details the nature, value, and purpose of the items donated.

Who is required to file Gift-in-Kind Information Form?

Organizations that receive non-cash donations valued over a certain amount are typically required to file the Gift-in-Kind Information Form. This may include non-profits, charities, and educational institutions.

How to fill out Gift-in-Kind Information Form?

To fill out the Gift-in-Kind Information Form, gather information about the donated items, including their description, fair market value, donor details, and the intended use of the items. Complete all required fields accurately and submit the form as directed by the governing body.

What is the purpose of Gift-in-Kind Information Form?

The purpose of the Gift-in-Kind Information Form is to provide transparency and accountability for non-cash donations. It helps organizations keep track of their contributions and supports tax reporting and compliance.

What information must be reported on Gift-in-Kind Information Form?

Information that must be reported on the Gift-in-Kind Information Form includes the donor's name and contact details, a description of the donated items, their fair market value, the date of donation, and the intended use of the items.