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A receipt form for documenting in-kind donations made to Special Olympics Minnesota. This form requires details such as contributor information, event, description of the donation, and necessary signatures from both contributor and SOMN representatives.

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What is in-kind donation receipt?

An in-kind donation receipt is a document provided by a nonprofit organization to acknowledge the receipt of non-monetary donations, such as goods, services, or property.

Who is required to file in-kind donation receipt?

Organizations that receive in-kind donations must provide a receipt to the donor for tax purposes, and donors who want a tax deduction for their contribution may need to file the receipt.

How to fill out in-kind donation receipt?

To fill out an in-kind donation receipt, include the name of the donor, date of donation, description of the donated item(s), estimated fair market value, and the signature of an authorized representative of the organization.

What is the purpose of in-kind donation receipt?

The purpose of an in-kind donation receipt is to provide a formal acknowledgment of a donation, serve as a record for tax deductions, and ensure transparency in charitable giving.

What information must be reported on in-kind donation receipt?

Information that must be reported includes the donor's name, address, description of the donation, fair market value of the donation, date of the donation, and the organization’s details.

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