FundSvcs Community

I have in-kind donation of used medical equipment, purchase dates of equipment were 2017, 2022, and 2023.  Donor has invoices for equipment purchased in 2022 and 2023 but not 2017.  The 2017 equipment purchase was donated in 2017 but donor never completed paperwork for in-kind donation and now adding it to the other two equipment purchases.  We do have confirmation that all items listed were received.  Donor provided personal letter listing all three pieces of equipment and values for each. The donor will be completing form 8283.  Questions:

1. Is it solely on the donor to provide FMV of items donated?  Do we need proof of the FMV listed by the donor (appraisal) for the equipment from 2022 and 2017?  It appears the donor is using value of when they purchased the equipment, no adjustment for depreciation.
2. For equipment donated in 2017, should this be a separate in-kind gift?  Any issues with adding as a total?
3. It appears donor may have included tax and shipping fees to the totals. This is not allowed, correct?

Thank you!

I have in-kind donation of used medical equipment, purchase dates of equipment were 2017, 2022, and 2023.  Donor has invoices for equipment purchased in 2022 and 2023 but not 2017.  The 2017 equipment purchase was donated in 2017 but donor never completed paperwork for in-kind donation and now adding it to the other two equipment purchases.  We do have confirmation that all items listed were received.  Donor provided personal letter listing all three pieces of equipment and values for each. The donor will be completing form 8283.  Questions:

1. Is it solely on the donor to provide FMV of items donated?  Do we need proof of the FMV listed by the donor (appraisal) for the equipment from 2022 and 2017?  It appears the donor is using value of when they purchased the equipment, no adjustment for depreciation.
2. For equipment donated in 2017, should this be a separate in-kind gift?  Any issues with adding as a total?
3. It appears donor may have included tax and shipping fees to the totals. This is not allowed, correct?

Thank you!

Thanks, John.  Later found out all the equipment was actually new in box, the purchase from 2022 must have been in storage.  The donation from 2017 was also new equipment, but donor did not submit in-kind at that time.  Are you saying that perhaps it shouldn't be "counted", but would still provide the donor with signed in-kind and 8283?

I have in-kind donation of used medical equipment, purchase dates of equipment were 2017, 2022, and 2023.  Donor has invoices for equipment purchased in 2022 and 2023 but not 2017.  The 2017 equipment purchase was donated in 2017 but donor never completed paperwork for in-kind donation and now adding it to the other two equipment purchases.  We do have confirmation that all items listed were received.  Donor provided personal letter listing all three pieces of equipment and values for each. The donor will be completing form 8283.  Questions:

1. Is it solely on the donor to provide FMV of items donated?  Do we need proof of the FMV listed by the donor (appraisal) for the equipment from 2022 and 2017?  It appears the donor is using value of when they purchased the equipment, no adjustment for depreciation.
2. For equipment donated in 2017, should this be a separate in-kind gift?  Any issues with adding as a total?
3. It appears donor may have included tax and shipping fees to the totals. This is not allowed, correct?

Thank you!

Thanks, John.  Later found out all the equipment was actually new in box, the purchase from 2022 must have been in storage.  The donation from 2017 was also new equipment, but donor did not submit in-kind at that time.  Are you saying that perhaps it shouldn't be "counted", but would still provide the donor with signed in-kind and 8283?

I have in-kind donation of used medical equipment, purchase dates of equipment were 2017, 2022, and 2023.  Donor has invoices for equipment purchased in 2022 and 2023 but not 2017.  The 2017 equipment purchase was donated in 2017 but donor never completed paperwork for in-kind donation and now adding it to the other two equipment purchases.  We do have confirmation that all items listed were received.  Donor provided personal letter listing all three pieces of equipment and values for each. The donor will be completing form 8283.  Questions:

1. Is it solely on the donor to provide FMV of items donated?  Do we need proof of the FMV listed by the donor (appraisal) for the equipment from 2022 and 2017?  It appears the donor is using value of when they purchased the equipment, no adjustment for depreciation.
2. For equipment donated in 2017, should this be a separate in-kind gift?  Any issues with adding as a total?
3. It appears donor may have included tax and shipping fees to the totals. This is not allowed, correct?

Thank you!