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SchoolDistrictNo.40GIFT IN KIND ACCEPTANCE FORM Inking gifts must be reported to SD40 Finance Department upon receipt, using this form. Documentation from the donor or an independent appraiser valuing
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How to fill out gift in kind acceptance

01
To fill out a gift in kind acceptance, follow these steps:
02
Start by entering the donor's name and contact information in the appropriate fields.
03
Provide a brief description of the gift in kind, including its value and condition.
04
Specify any restrictions or limitations on the use or sale of the gifted item, if applicable.
05
Indicate the intended purpose or use of the gift in kind.
06
Include any additional terms or conditions of acceptance, such as the donor's right to a tax receipt.
07
Sign and date the acceptance form.
08
Keep a copy of the acceptance for your records.

Who needs gift in kind acceptance?

01
Gift in kind acceptances are commonly needed by nonprofit organizations or charities that receive donations of goods or services instead of monetary contributions.
02
These organizations need gift in kind acceptances to document and acknowledge the donation, specify any conditions or restrictions associated with the gift, and ensure compliance with tax and accounting regulations.
03
Individuals or businesses who donate non-cash items or services to these organizations may also need a gift in kind acceptance for their own records or to claim a tax deduction.
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Gift in kind acceptance refers to the process of accepting non-cash donations, such as goods or services, rather than monetary contributions.
Organizations that receive non-cash donations valued above a certain threshold are required to file a gift in kind acceptance.
To fill out a gift in kind acceptance, provide details about the donor, the description and value of the gifts, the date received, and any relevant tax identification numbers.
The purpose of gift in kind acceptance is to document and acknowledge the receipt of non-monetary donations for accounting and tax reporting purposes.
Information that must be reported includes the donor's name and contact information, a description of the gift, its value, date received, and the intended use of the gift.
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