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. I look forward to any insight you may have about this particular situation. Thank you for your time.
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Anna Grbenick
Senior Director, Stewardship and Donor Engagement
Geisinger Health Foundation
agrbenick1@geisinger.edu------------------------------