Auction Gift-in-Kind Donation Form 2025

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  1. Click ‘Get Form’ to open the Auction Gift-in-Kind Donation Form in the editor.
  2. Begin by entering the date at the top of the form. This helps track when the donation was made.
  3. Fill in the contact person at your business along with their phone number, fax number, and email address. Ensure all information is clear for easy communication.
  4. Provide the donor name as you would like it to appear in printed materials and on thank-you notes. This personal touch is important for recognition.
  5. Complete the address section, including city, state, and zip code, to ensure accurate delivery of any correspondence.
  6. Indicate if you have a business card or brochure to attach for auction display by checking the appropriate box.
  7. Enter the donation value for tax purposes. This field is mandatory and should reflect an accurate estimate.
  8. Select a category for your item by checking one of the options provided. If your item falls under 'Other', please specify.
  9. In the description section, provide detailed information about your item, including any restrictions that may apply.
  10. If applicable, include pick-up instructions for items not submitted with this form. Make sure to provide a contact name and phone number for coordination.
  11. Once completed, review all entries for accuracy before submitting your form back to College of the Siskiyous Foundation at the provided address.

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In-kind donation receipts should include the donors name, the description of the gift, and the date the gift was received. Cash donation receipt. A cash donation receipt provides written documentation of a cash gift.
Goods donated for a fundraising auction: A nonprofit that runs an annual fundraising auction gala accepts in-kind donations to sell at the event throughout the year. The nonprofit logs each item as in-kind revenue at the fair market value at the time of donation and adds it to auction inventory in an asset account.
Once you receive in-kind donations, youll have to record them in your accounting system and report them for tax purposes. According to Generally Accepted Accounting Principles (GAAP), nonprofits must keep thorough records of all monetary and in-kind donations.
How to record in-kind donations? Whether in a spreadsheet or nonprofit CRM, all in-kind donations should be recorded by your nonprofit. Documentation should include the donors name, a description of the donation, its value, and data, like receipts, that show the value of the donation.
Because in-kind donations dont come in the form of physical cash, they can be confusing when it comes to recordkeeping. These donations are recorded on your financial statements as monetary values, determined by the fair market price youd otherwise pay for the goods or services you received.
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An in-kind contribution is a non-monetary contribution. Goods or services offered free or at less than the usual charge result in an in-kind contribution.

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