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  • 1.  GIK of equipment in return for purchase

    Posted 09-27-2022 05:20 PM
    We have a company who is quoting some free equipment in return of making a purchase. Can this free equipment be counted as a GIK? And if not, where does it state this in CASE and/or IRS 526. I see this as a contract and quid pro quo, but this specific scenario I can't find. I appreciate the feedback.

    Debbie Reyna
    Director of Gift and Stewardship Services
    The University of Texas at Dallas

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    Deborah Reyna
    Director of Gift and Stewardship Services
    University of Texas at Dallas
    deborah.reyna@utdallas.edu
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  • 2.  RE: GIK of equipment in return for purchase

    Posted 09-27-2022 11:30 PM
      |   view attached
    It is impossible for CASE to individually describe the thousands of possible giving scenarios.

    What CASE does state is that you cannot count contracts.  Clearly, here you would not receive anything unless you purchase something.  That's not a voluntary donation.  That is a contractual obligation.

    This sort of contractual obligation was addressed in a separate memorandum from CASE back in 2011.  Again, it does not address this specific scenario.  But, if you read page two of the attached - the section on "corporate partnerships" - you will see a few related examples.

    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




    Attachment(s)

    pdf
    2011 06CASEClarificationCountingIssues.pdf   465 KB 1 version
    Original Message


  • 3.  RE: GIK of equipment in return for purchase

    Posted 09-28-2022 08:16 AM
    Thank you, John. This is exactly what I needed.

    Debbie Reyna

    ------------------------------
    Deborah Reyna
    Director of Gift and Stewardship Services
    University of Texas at Dallas
    deborah.reyna@utdallas.edu
    ------------------------------

    Original Message


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