FundSvcs Community

Hope I can explain this gift in kind question correctly... If an individual purchases art supplies from various vendors and then resells them at cost to our institution for artists to use, but provides an "in-kind" discount of 30% off on the supplies, but expects payment for the rest... does that 30% discount count as an in-kind donation that they can be receipted for? All receipts for supplies have been submitted. Thanks for any and all advice.

Laurie Soenen
College of Charleston

Hope I can explain this gift in kind question correctly... If an individual purchases art supplies from various vendors and then resells them at cost to our institution for artists to use, but provides an "in-kind" discount of 30% off on the supplies, but expects payment for the rest... does that 30% discount count as an in-kind donation that they can be receipted for? All receipts for supplies have been submitted. Thanks for any and all advice.

Laurie Soenen
College of Charleston

Fantastic!  Thank you for this response. I have everything I need to move forward then. Very helpful!

Hope I can explain this gift in kind question correctly... If an individual purchases art supplies from various vendors and then resells them at cost to our institution for artists to use, but provides an "in-kind" discount of 30% off on the supplies, but expects payment for the rest... does that 30% discount count as an in-kind donation that they can be receipted for? All receipts for supplies have been submitted. Thanks for any and all advice.

Laurie Soenen
College of Charleston

Fantastic!  Thank you for this response. I have everything I need to move forward then. Very helpful!

Hope I can explain this gift in kind question correctly... If an individual purchases art supplies from various vendors and then resells them at cost to our institution for artists to use, but provides an "in-kind" discount of 30% off on the supplies, but expects payment for the rest... does that 30% discount count as an in-kind donation that they can be receipted for? All receipts for supplies have been submitted. Thanks for any and all advice.

Laurie Soenen
College of Charleston

Fantastic!  Thank you for this response. I have everything I need to move forward then. Very helpful!

Hope I can explain this gift in kind question correctly... If an individual purchases art supplies from various vendors and then resells them at cost to our institution for artists to use, but provides an "in-kind" discount of 30% off on the supplies, but expects payment for the rest... does that 30% discount count as an in-kind donation that they can be receipted for? All receipts for supplies have been submitted. Thanks for any and all advice.

Laurie Soenen
College of Charleston

Fantastic!  Thank you for this response. I have everything I need to move forward then. Very helpful!

Hope I can explain this gift in kind question correctly... If an individual purchases art supplies from various vendors and then resells them at cost to our institution for artists to use, but provides an "in-kind" discount of 30% off on the supplies, but expects payment for the rest... does that 30% discount count as an in-kind donation that they can be receipted for? All receipts for supplies have been submitted. Thanks for any and all advice.

Laurie Soenen
College of Charleston

Fantastic!  Thank you for this response. I have everything I need to move forward then. Very helpful!

Hope I can explain this gift in kind question correctly... If an individual purchases art supplies from various vendors and then resells them at cost to our institution for artists to use, but provides an "in-kind" discount of 30% off on the supplies, but expects payment for the rest... does that 30% discount count as an in-kind donation that they can be receipted for? All receipts for supplies have been submitted. Thanks for any and all advice.

Laurie Soenen
College of Charleston