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  • 1.  Is this a Gift in Kind

    Posted 07-31-2023 10:34 AM

    Our football coach while he was recruiting 8 stayed nights at his parents home, instead of staying at a hotel. He is now asking if his parents could give those 8 nights to the University as a Gift in Kind? 

    Thanks

    Liz



    ------------------------------
    Liz Arizpe
    Valparaiso University
    liz.arizpe@valpo.edu
    ------------------------------


  • 2.  RE: Is this a Gift in Kind

    Posted 07-31-2023 10:41 AM
    No. That's partial interest. Even if his parents usually charge their own kid to stay at their home.

    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




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  • 3.  RE: Is this a Gift in Kind

    Posted 07-31-2023 10:48 AM
    Thanks
    John




    --
    Liz Arizpe
    Director of Advancement Services
    Valparaiso University
    Advancement
    510 Freeman St.
    Valparaiso, IN 46383
    (Phone) 219-464-5610



    The information contained in this communication is confidential and is intended only for use by the addressee(s).  Unauthorized review, use, disclosure or copying of this communication, or any part thereof, is strictly prohibited.  If you have received this communication in error, please notify us immediately by return email and destroy this communication and all copies thereof, including all attachments.



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  • 4.  RE: Is this a Gift in Kind

    Posted 07-31-2023 11:00 AM
    John,

    What if other coaching staff stayed at the home? Unrelated to the folks that own the home.

    Thanks
    Liz



    --
    Liz Arizpe
    Director of Advancement Services
    Valparaiso University
    Advancement
    510 Freeman St.
    Valparaiso, IN 46383
    (Phone) 219-464-5610



    The information contained in this communication is confidential and is intended only for use by the addressee(s).  Unauthorized review, use, disclosure or copying of this communication, or any part thereof, is strictly prohibited.  If you have received this communication in error, please notify us immediately by return email and destroy this communication and all copies thereof, including all attachments.



    Original Message


  • 5.  RE: Is this a Gift in Kind

    Posted 07-31-2023 11:04 AM
    It's still partial interest. No one is being given ownership of anything. Only the use of the house by the owners.  See IRS Publication 526.

    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


  • 6.  RE: Is this a Gift in Kind

    Posted 07-31-2023 11:23 AM
    The overnight lodging is not a GIK, as John said. However, if the staff were served meals, those could be a GIK. 


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

    Schedule a 30-minute consultation now:





    Original Message


  • 7.  RE: Is this a Gift in Kind

    Posted 07-31-2023 03:42 PM
    Even with my tendency to want to make reasonable allowances for in kind support, I honestly wouldn't be all that inclined to attempt calculating recognition value in this scenario. If there was any intent for charitable support on the part of the parents then the coach should have brought up this idea of "in kind" credit in the planning process for the trip to determine if it was even a possibility and not bring this up as an afterthought...  

    IMHO, of course.  

    Every day is a new adventure with our colleagues and constituents!  ��

    -Amy

    Amy J. Phillips
    Director of Advancement Services, Gift Acceptance
    Division of University Advancement
    The Catholic University of America
    620 Michigan Avenue, USCCB 166
    Washington, DC 20064
    Phone: 202-319-6919





    Original Message


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