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West Neighbourhood House Policy Title: Approved by: Approval date: Revision dates:Acceptance of Gifts West Neighbourhood House Board of Directors May 2005 November 2011 / January 2016 / November 2019
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Services or tangible gifts refer to non-monetary items provided to individuals or organizations, which may include physical goods or direct services rendered.
Individuals or organizations that provide services or tangible gifts with a value above a certain threshold are required to file relevant documentation.
To fill out services or tangible gifts, one must complete the appropriate forms detailing the nature of the services or gifts, their value, and recipients' information.
The purpose of services or tangible gifts is to report the transfer of non-monetary benefits for tax compliance and transparency.
The information that must be reported includes the description of the service or gift, the recipient's information, the date of the transaction, and the estimated value.
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