Get the free Gift-in-Kind Auction Donation Form - Lane Community College

GiftinKind Auction Donation Form Lane Community College Foundation 17th Annual Harvest Gala October 30, 2019, LCC Foundation Tax ID # 237113266 Please return this form and your items no later than

How to fill out gift-in-kind auction donation form

How to fill out gift-in-kind auction donation form

1. Start by opening the gift-in-kind auction donation form.
2. Read the instructions and provide the necessary information at the top of the form, such as your name, contact information, and the date.
3. Identify the item you wish to donate. Write a detailed description of the item, including its name, brand, model, and any relevant specifications.
4. Determine the fair market value of the donated item. Research similar items and their selling prices to get an estimate.
5. Indicate whether the item is new or used.
6. If the item is used, provide information about its condition, including any damages or defects.
7. Specify any restrictions or limitations on the item's use, if applicable.
8. If you wish to set a minimum bid price for the item, make sure to mention it on the form.
9. Include any additional documentation or certificates that may prove the authenticity or value of the item.
10. Sign and date the form to confirm your donation.
11. Submit the completed gift-in-kind auction donation form to the designated recipient or organization.

Who needs gift-in-kind auction donation form?

1. Anyone who wishes to donate a valuable item for an auction can use the gift-in-kind auction donation form.
2. This could include individuals, businesses, organizations, or institutions.
3. The form provides a structured way to document the donation, ensuring that all necessary details are captured.
4. It is commonly used by charities, nonprofits, schools, and other fundraising entities that organize auctions to generate funds for a cause or program.
5. By using the gift-in-kind auction donation form, both donors and recipients have a clear record of the donation, which can be beneficial for tax purposes and accountability.

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What is gift-in-kind auction donation form?

A gift-in-kind auction donation form is a document used to record non-cash donations, such as goods or services, made for auctions or fundraising events.

Who is required to file gift-in-kind auction donation form?

Organizations or individuals who donate non-cash items to a charity auction are required to complete and file a gift-in-kind auction donation form.

How to fill out gift-in-kind auction donation form?

To fill out the form, provide details such as the donor's name, contact information, a description of the donated item, its estimated value, and any terms or conditions.

What is the purpose of gift-in-kind auction donation form?

The purpose of the form is to facilitate the proper documentation of donated items, allowing for transparency and compliance with tax regulations.

What information must be reported on gift-in-kind auction donation form?

The form should report the donor's information, a clear description of the item, its fair market value, the date of the donation, and any relevant conditions or restrictions.