Recently in-kind donations were received by our child-life unit in our pediatrics department. The gift in kind acceptance form our Foundation received provided a description of the items that were donated along with an amount of $16,000 as valued by the staff member who accepted the donation. Please note that the donor was not seeking any type of credit or even an acknowledgment letter; however, we are being asked to record the in-kind gift in this amount. Regardless of whether or not the donor is seeking credit or an acknowledgment, is it customary to record an in-kind gift in the donor database of record without any corroborating documentation regarding value (i.e. is a basic acceptance form okay)? When our 990 forms are filed each year in-kind donations are included so I suspect value accuracy is paramount on some level
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With the recent influx of in-kind gifts, we would love to hear how your organization is handling them. Feel free to post in the "Discussion" tab and in the body of your post enter the tag #in-kindgifts
With the recent influx of in-kind gifts, we would love to hear how your organization is handling them. Join us in the COVID-19 Discussion Board . Feel free to post in the "Discussion" tab and in the body of your post enter the tag #in-kindgifts
June 13, 2011 #Trends #AHPResearch #Research
061311.pdf
Nonprofit Hospitals Raise $8.26 Billion in Donations in FY 2010, With Individual Donors the Majority of Pledges, AHP Reports
With Charitable Pledges Down, and the Expense of Raising Donations on the Rise, Nonprofit Hospitals Strive to Keep Giving Levels Steady During the Recession
On July 17, the House approved legislation (H.R. 4719) that would significantly increase charitable giving in the United States. The legislation makes permanent three temporary (and currently expired) provisions in the tax code that encourage charitable giving by both individuals and businesses: the IRA charitable rollover, an enhanced tax deduction for donating land conservation easements and an enhanced tax deduction for donating food inventory. The legislation also extends through April 15 the deadline for claiming charitable donations on the previous year's tax filing and streamlines the excise tax on foundation investment income. Thank you to all AHP members who helped make this happen by contacting your members of Congress and asking them to vote in favor of H.R. 4719. -- Susan Simolunas Communication Coor Association for Healthcare Philanthropy Falls Church VA (703) 532-6243 --
I am interested to find out if anyone is aware of a way to get a matching gift for this donation. I know that companies have matching gift programs but that typically is for employers who match employee gifts. In this case it's a straight high school to foundation donation.
28% cap on charitable deductions in administration budget would cause donations to decline by more than $9.4 billion/year
CGC Presidents Budget React.pdf
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