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  • 1.  Gifts In Kind

    Posted 09-13-2023 01:35 PM

    Wonderful Web of Wisdom,

     

    I understand that we are not to disclose any value on any receipt/acknowledgment sent to a gift-in-kind donor, but are we to enter the gifts into our CRM with a value?

     

    My business office is currently requiring that, even if it is a complete guess. Your thoughts would be greatly appreciated.

     

    Thank you.

     

    Denise Mattie

    Director of Advancement Services

    T: 325.793.4750   |   M: 720.480.9369   |   mattie.denise@mcm.edu

    Institutional Advancement

    1 McMurry University

    #938

    Abilene, TX 79697

    give.mcm.edu

    McMurry University

    1400 Sayles Blvd.

    Abilene, TX 79697

    www.mcm.edu

       

     

     



  • 2.  RE: Gifts In Kind

    Posted 09-13-2023 01:45 PM
    You absolutely DO record a value in your CRM - provided that value is substantiated. These donations, provided they meet the IRS definition criteria for tax-deductiblity, should be included in your official fundraising totals.

    The CASE Standards offer guidelines for proper documentation or substantiation.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987




    Original Message


  • 3.  RE: Gifts In Kind

    Posted 09-13-2023 01:58 PM
    PS

    I should have added that my experience is that most Business Offices do NOT want any information regarding in-kind donations that fall below a certain threshold ($5,000 is common), or fit into the "unrelated use" category (are donated solely for immediate sale - typically through a charity auction).

    You might want to get some clarity from them along these lines. I seriously doubt they care about a $5 coffee mug or any auction items!

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987





    Original Message


  • 4.  RE: Gifts In Kind

    Posted 09-13-2023 01:47 PM

    We record a value in CRM, we do not include the value on the receipt.

     

    Karry Morton | Director, Gift Services
    Children's Hospital Colorado Foundation
    13123 East 16th Avenue, Box 045 | Aurora, CO 80045
    Phone: 720-777-1742 | Cell: 720-323-3305


    SupportChildrensColorado.org | Facebook | Instagram | Twitter | LinkedIn

     

     

    For every child who needs us. From fixing broken bones to treating pediatric cancer, your generosity helps us serve Children's Hospital Colorado patients and families who depend on us every day. Donate today.

     

    If you would like to opt-out of communications from Children's Colorado Foundation, please email info@childrenscoloradofoundation.org or call 720-777-1700.

     

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    Original Message


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