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  • 1.  Potential Gift of Motorized Agricultural Equipment

    Posted 10-13-2025 09:10 AM
    We have a donor who has expressed interest in possibly donating a tractor for related use.

    I've set up unrelated use vehicle donations through partner vehicle donation programs before, and it has worked quite well, however, I'm unsure if a tractor is considered a vehicle or a regular gift in kind. It is motored and can be driven on highways between fields (not in our case), but it is not a "motor vehicle manufactured primarily for use on public streets, roads, and highways; a boat; or an airplane" as it is defined in IRS Publication 4302/4303.

    I would love to talk to anyone who has accepted gifts in kind of motorized agricultural equipment - about how it was booked and any additional logistics you might have needed to do in-house.

    Thanks,
    Sarah

    Sarah E. Lewis

    Director of Advancement Services  ǀ  Institutional Advancement

     

    7916 Williamson Road, Box 9629, Roanoke, VA  24020

    540-362-6228  |  lewisse@hollins.edu

     

    image001.png@01D99AD9.92FD12E0

     

    Make your gift to the Hollins Fund online hollins.edu/giveonline



    Pronouns: she, her, hers
    To learn more about personal pronouns, visit mypronouns.org.

     



  • 2.  RE: Potential Gift of Motorized Agricultural Equipment

    Posted 10-13-2025 09:21 AM
    Those publications are no longer in current circulation. They were last published in 2015. However, I do not believe back then that the IRS would have considered a tractor as a "vehicle" for those purposes.

    Instead, I would focus on the requirements for IRS forms 8283 and 8282. And, I suspect that for your donor to claim a deduction, they will need an appraisal (if the value is estimated to be over $5,000). I would not tell them that's a requirement, but rather, they need to seek independent tax advice.

    Once the donation is complete, I would execute your portion of the 8283 and issue a standard property receipt (description without value).

    John

    John H. Taylor, Principal
    John H. Taylor Consulting, LLC
    2604 Sevier Street
    Durham, NC     27705

    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987




    Original Message


  • 3.  RE: Potential Gift of Motorized Agricultural Equipment

    Posted 10-13-2025 09:28 AM
    Thanks as always, John!

    Sarah E. Lewis

    Director of Advancement Services  ǀ  Institutional Advancement

     

    7916 Williamson Road, Box 9629, Roanoke, VA  24020

    540-362-6228  |  lewisse@hollins.edu

     

    image001.png@01D99AD9.92FD12E0

     

    Make your gift to the Hollins Fund online hollins.edu/giveonline



    Pronouns: she, her, hers
    To learn more about personal pronouns, visit mypronouns.org.

     




    Original Message


  • 4.  RE: Potential Gift of Motorized Agricultural Equipment

    Posted 10-13-2025 09:49 AM
    By the way, while those publications haven't been updated since 2015, Form 1098-C (receipt for motor vehicles, boats, and airplanes) has been updated this year. That said, I am confident that your piece of equipment does not qualify as a "motor vehicle." Nonetheless, if your donor requests a 1099-C at tax time, there is no harm in completing that form. So, I wanted you to know that there is a current version!

    John

    John H. Taylor, Principal
    John H. Taylor Consulting, LLC
    2604 Sevier Street
    Durham, NC     27705

    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987





    Original Message


  • 5.  RE: Potential Gift of Motorized Agricultural Equipment

    Posted 10-13-2025 09:52 AM
    Oh! Thanks for the heads-up!

    Sarah E. Lewis

    Director of Advancement Services  ǀ  Institutional Advancement

     

    7916 Williamson Road, Box 9629, Roanoke, VA  24020

    540-362-6228  |  lewisse@hollins.edu

     

    image001.png@01D99AD9.92FD12E0

     

    Make your gift to the Hollins Fund online hollins.edu/giveonline



    Pronouns: she, her, hers
    To learn more about personal pronouns, visit mypronouns.org.

     




    Original Message


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