Gifts in kind should be reported at the fair market value. If the item or items in the aggregate are valued at more than $5,000, the donation will require an appraisal by an independent, expert appraiser. The donation receipt supplied to the donor for a gift in kind will not reflect a dollar amount. The amount and tax-deductible nature of a gift in kind is rather to be determined by the donor and the donor's tax advisor.
|The Development Office