FundSvcs Community

We have a donor who is a business-owner, who is considering making a gift in kind to us. The product is an online leadership academy that our students and faculty would have access to for 1 year. It's a digital product with online videos and tools, with some (?) degree of customization. They would also provide consultancy services to help us maximize the user experience with this product. We're excited about providing this tool to our students and would like to make a gift of this sort attractive to our potential donor.

Help!

How much (if any) of this gift can we record as an in-kind gift? 
Can we record the value we would have paid had we purchased access to these online tools?  Or, is the fact that the tool is online problematic, ie does it fall under the software taboo?

Regarding the consultancy services, can we record the company's expenses related to providing these services as a gift (I read that somewhere), or can we not record any element of the consultant services as a gift?

PS - it goes without saying that any Gift in Kind receipt we issue would simply state a description of the gift and no dollar value, regardless what (if any) dollar value we record in our DB.

Thanks!

------------------------------
Gwen Donev
Director of Advancement Services
Gustavus Adolphus College
gwendonev@GUSTAVUS.EDU
------------------------------

Original Message:
Sent: 8/11/2022 1:51:00 PM
From: Gwen Donev
Subject: Gift in kind for online leadership academy and consulting?

We have a donor who is a business-owner, who is considering making a gift in kind to us. The product is an online leadership academy that our students and faculty would have access to for 1 year. It's a digital product with online videos and tools, with some (?) degree of customization. They would also provide consultancy services to help us maximize the user experience with this product. We're excited about providing this tool to our students and would like to make a gift of this sort attractive to our potential donor.

Help!

How much (if any) of this gift can we record as an in-kind gift? 
Can we record the value we would have paid had we purchased access to these online tools?  Or, is the fact that the tool is online problematic, ie does it fall under the software taboo?

Regarding the consultancy services, can we record the company's expenses related to providing these services as a gift (I read that somewhere), or can we not record any element of the consultant services as a gift?

PS - it goes without saying that any Gift in Kind receipt we issue would simply state a description of the gift and no dollar value, regardless what (if any) dollar value we record in our DB.

Thanks!

------------------------------
Gwen Donev
Director of Advancement Services
Gustavus Adolphus College
gwendonev@GUSTAVUS.EDU
------------------------------

Original Message:
Sent: 8/11/2022 2:00:00 PM
From: John H. Taylor
Subject: RE: Gift in kind for online leadership academy and consulting?

I don't think any of this is a deductible gift.  It sounds like all services.

John

John H. Taylor 

919.816.5903 (Cell/Text)

Big Ideas; Small Keyboard

Original Message:
Sent: 8/11/2022 1:51:00 PM
From: Gwen Donev
Subject: Gift in kind for online leadership academy and consulting?

We have a donor who is a business-owner, who is considering making a gift in kind to us. The product is an online leadership academy that our students and faculty would have access to for 1 year. It's a digital product with online videos and tools, with some (?) degree of customization. They would also provide consultancy services to help us maximize the user experience with this product. We're excited about providing this tool to our students and would like to make a gift of this sort attractive to our potential donor.

Help!

How much (if any) of this gift can we record as an in-kind gift? 
Can we record the value we would have paid had we purchased access to these online tools?  Or, is the fact that the tool is online problematic, ie does it fall under the software taboo?

Regarding the consultancy services, can we record the company's expenses related to providing these services as a gift (I read that somewhere), or can we not record any element of the consultant services as a gift?

PS - it goes without saying that any Gift in Kind receipt we issue would simply state a description of the gift and no dollar value, regardless what (if any) dollar value we record in our DB.

Thanks!

------------------------------
Gwen Donev
Director of Advancement Services
Gustavus Adolphus College
gwendonev@GUSTAVUS.EDU
------------------------------

Original Message:
Sent: 8/12/2022 1:54:00 PM
From: Gwen Donev
Subject: RE: Gift in kind for online leadership academy and consulting?

Thanks John. A google search turned up an excellent reference paper (written by you in 2016), which went into greater explanation, which I also appreciated. In case others are interested, I hope it's okay that I share the link here:

http://www.johnhtaylorconsulting.com/wp-content/uploads/2021/01/Gifts-of-Software.pdf

Original Message:
Sent: 8/11/2022 2:00:00 PM
From: John H. Taylor
Subject: RE: Gift in kind for online leadership academy and consulting?

I don't think any of this is a deductible gift.  It sounds like all services.

John

John H. Taylor 

919.816.5903 (Cell/Text)

Big Ideas; Small Keyboard

Original Message:
Sent: 8/11/2022 1:51:00 PM
From: Gwen Donev
Subject: Gift in kind for online leadership academy and consulting?

We have a donor who is a business-owner, who is considering making a gift in kind to us. The product is an online leadership academy that our students and faculty would have access to for 1 year. It's a digital product with online videos and tools, with some (?) degree of customization. They would also provide consultancy services to help us maximize the user experience with this product. We're excited about providing this tool to our students and would like to make a gift of this sort attractive to our potential donor.

Help!

How much (if any) of this gift can we record as an in-kind gift? 
Can we record the value we would have paid had we purchased access to these online tools?  Or, is the fact that the tool is online problematic, ie does it fall under the software taboo?

Regarding the consultancy services, can we record the company's expenses related to providing these services as a gift (I read that somewhere), or can we not record any element of the consultant services as a gift?

PS - it goes without saying that any Gift in Kind receipt we issue would simply state a description of the gift and no dollar value, regardless what (if any) dollar value we record in our DB.

Thanks!

------------------------------
Gwen Donev
Director of Advancement Services
Gustavus Adolphus College
gwendonev@GUSTAVUS.EDU
------------------------------

We receive 'gifts' like this often. This is not a tax-deductible gift. You can write them a thank you a letter but not a receipt. 

Not sure what CRM you are using - but we use The Raiser's Edge. In an effort to still recognize and steward these types of 'gifts' we record them as 'Other', NOT a gift-in-kind which would be a noncash contribution with real value associated with it. 


------------------------------
Cameron Alzubi
Director, Gift Administration
Illinois Institute of Technology
calzubi@iit.edu
giftadmin@iit.edu
------------------------------

Original Message:
Sent: 08-11-2022 12:51 PM
From: Gwen Donev
Subject: Gift in kind for online leadership academy and consulting?

We have a donor who is a business-owner, who is considering making a gift in kind to us. The product is an online leadership academy that our students and faculty would have access to for 1 year. It's a digital product with online videos and tools, with some (?) degree of customization. They would also provide consultancy services to help us maximize the user experience with this product. We're excited about providing this tool to our students and would like to make a gift of this sort attractive to our potential donor.

Help!

How much (if any) of this gift can we record as an in-kind gift? 
Can we record the value we would have paid had we purchased access to these online tools?  Or, is the fact that the tool is online problematic, ie does it fall under the software taboo?

Regarding the consultancy services, can we record the company's expenses related to providing these services as a gift (I read that somewhere), or can we not record any element of the consultant services as a gift?

PS - it goes without saying that any Gift in Kind receipt we issue would simply state a description of the gift and no dollar value, regardless what (if any) dollar value we record in our DB.

Thanks!

------------------------------
Gwen Donev
Director of Advancement Services
Gustavus Adolphus College
gwendonev@GUSTAVUS.EDU
------------------------------