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How do I document an in-kind donation?

How should I recognize in-kind donations? Send the donor an acknowledgment that includes your tax ID number, a description of the goods and/or services they donated and the date you received them. This letter should also confirm that donors received no substantial goods or services in exchange for their contribution.

What counts as an in-kind donation?

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. Similarly, when a person or entity pays for services on the committees behalf, the payment is an in-kind contribution.

What is an example of an in-kind contribution?

For example, a committee makes an in-kind contribution when it: Pays for consulting, polling or printing services provided to a candidate committee; Donates office supplies or mailing lists to a campaign; Sponsors a fundraising event benefiting a candidate; or.

What is an in-kind donation form?

Examples of in-kind donations Computers. Food. Clothes. Office equipment. Building materials. Food. Alcohol and beer. Cars.

What is an example of a gift in kind?

A gift in kind is a donation of tangible property, such as an art collection, rare books, academic papers, musical scores, real estate, or other valuables.