FundSvcs Community

 View Only

  • 1.  Threshold for requiring a deed of gift

    Posted 06-11-2024 01:20 PM

    Hi all,

    Is anyone willing to share their dollar value threshold for requiring a deed of gift for in-kind gifts? I think the standard over the years has often been $5,000 since it coincides with the 8283 requirement but it doesn't take much for a value to be over $5,000 for things like equipment and collectibles.

     

    Curious what others are doing. Thanks in advance.

     

    John Smilde

    Director of Gifts and Records Administration

    Advancement and Alumni Relations

    George Mason University

    4400 University Drive, MSN 1A3

    Fairfax, VA 22030

    703.993.8680

    jsmilde@gmu.edu

     

    This electronic message contains confidential information which is, in whole or in part,

    subject to exclusion from disclosure under the Freedom of Information Act pursuant to

    §2.2-3705.4.7. of the Code of Virginia.

     

     



  • 2.  RE: Threshold for requiring a deed of gift

    Posted 06-11-2024 01:28 PM
    Many of my clients-and the institutions I worked at full time-did not have any "deed of gift." A standard Gift Agreement works just fine; you don't need another form.

    Of course, there are many other documents related to real property. However, basic property gifts can be handled through the standard gift agreement process.

    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: Threshold for requiring a deed of gift

    Posted 06-13-2024 08:06 AM

    Much appreciated, John. That is a very practical approach.

     

     

    John Smilde

    Director of Gifts and Records Administration

    Advancement and Alumni Relations

    George Mason University

    4400 University Drive, MSN 1A3

    Fairfax, VA 22030

    703.993.8680

    jsmilde@gmu.edu

     

    This electronic message contains confidential information which is, in whole or in part,

    subject to exclusion from disclosure under the Freedom of Information Act pursuant to

    §2.2-3705.4.7. of the Code of Virginia.

     

     

     

     




    Original Message


Related Content