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  • 1.  Gift in Kind?

    Posted 06-06-2023 09:10 AM

    Good morning! 

    We are celebrating our school's 50th anniversary this weekend - yay! One of our major donors unfortunately can't attend because of a scheduling conflict, but he'd previously made a lodging reservation at a local luxury inn. He gifted the stay at the inn to us so we could raffle it off to a random winner (we pulled the winner from the list of people who'd registered for the anniversary weekend). 

    Can I provide a gift in kind receipt for this donor? We weren't initially planning to offer a raffle - the only reason we did is because he offered the room to us at the last minute. 



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    hsocha@gmvs.org
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  • 2.  RE: Gift in Kind?

    Posted 06-06-2023 10:41 AM
    In general, a gift of a hotel room by someone other than the hotel is a GIK and can be receipted. The issue is whether you should accept this GIK, given the circumstances. Raffles are a pain, legally speaking, and it's not clear how raffling off the room is serving your charitable purpose in any way. It's a random upgrade for some participant, with your org as a conduit to facilitate a tax deduction for the donor. Couldn't the donor cancel their reservation and donate the money directly to you instead? It would certainly have more impact that way. 


    Thank you,
    Isaac Shalev
    Data Strategy Expert
    Sage70, Inc.
    (917) 859-0151
    isaac@sage70.com

    Schedule a 30-minute consultation now:




    Original Message


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