Get the free Gift in Kind Form - PDF - Fort Lewis College - fortlewis
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FORT LEWIS COLLEGE FOUNDATION 1000 Rim Drive Durango, CO 81301 (970) 247-7425 (970) 247-7175 (fax) GIFT IN KIND (Non-Cash Gift) FORM Date of Gift: Name in which donation should be credited: Donor's
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How to fill out gift in kind form
How to fill out a gift in kind form:
01
Start by gathering all the necessary information and documents related to the gift. This may include receipts, appraisals, or any supporting paperwork that provides details about the value and nature of the gift.
02
Begin filling out the form by entering your personal information accurately. Provide your full name, address, contact details, and any other required information as indicated on the form.
03
Identify the recipient of the gift. Include their name, address, and any other relevant information, such as their organization or institution.
04
Specify the nature of the gift in detail. Describe the item or items being gifted, providing as much information as possible. This may include the brand, model, condition, and any unique features of the gift.
05
Determine the value of the gift. If you have an appraisal or professional valuation, include the appraiser's contact details and the appraised value. If not, estimate the fair market value to the best of your ability, considering factors like its condition and current market prices for similar items.
06
Indicate the purpose or intention behind the gift. Specify if it is for charitable, educational, or other purposes, providing any necessary details or instructions related to the use of the gift.
07
If applicable, attach any supporting documentation to the form. This may include copies of receipts, invoices, or any other paperwork that verifies the value or authenticity of the gift.
Who needs a gift in kind form:
01
Nonprofit organizations often require individuals or entities donating gifts in kind to fill out a gift in kind form. It helps them keep track of the contributions received and comply with legal and accounting standards.
02
Educational institutions, such as schools or universities, may request a gift in kind form when individuals or businesses donate items or equipment to support educational programs.
03
Some government agencies or departments may use gift in kind forms to manage and record contributions or donations made to specific projects or initiatives.
Overall, anyone who wishes to donate a gift in kind and wants to ensure proper documentation and acknowledgement of their contribution may need to fill out a gift in kind form.
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What is gift in kind form?
Gift in kind form is a document used to report non-monetary donations or gifts to the relevant authorities.
Who is required to file gift in kind form?
Any individual or organization who receives non-monetary donations or gifts is required to file gift in kind form.
How to fill out gift in kind form?
Gift in kind form must be filled out by providing details of the non-monetary donations or gifts received, including description, quantity, and estimated value.
What is the purpose of gift in kind form?
The purpose of gift in kind form is to accurately report and document non-monetary donations or gifts for tax or regulatory purposes.
What information must be reported on gift in kind form?
Information such as description of gift, quantity, estimated value, donor information, and recipient information must be reported on gift in kind form.
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