FundSvcs Community

Hello all,

I know the value of an in-kind gift does NOT get included on a receipt to the donor but, at the end of the year we do send some donors a roll up of their giving for the calendar year.  Would you include the amount we recorded for the in-kind gift with all the other cash gifts?

Example:

John Smith gave an in-kind donation worth $10K and he also gave an additional $100K in cash throughout the year.  When we send him a rollup of his calendar giving would the receipt show $110K total given or do we have to separate what was cash and then a description of the in-kind donation.

Thank you,

Tammy

Tammy M. Cline

Assistant Director, Gift Policy, Processing & Reporting

West Point Association of Graduates

698 Mills Road West Point, NY 10996

Phone: 845.446.1540

Fax: 845.377.3039

WestPointAOG.org

Serving West Point and the Long Gray Line

CONFIDENTIALITY NOTICE: The information contained in this email message and any attachments is confidential and the property of West Point Association of Graduates (WPAOG). This message is intended for viewing and use by the original recipients only. Any dissemination, distribution, or copying of this communication and/or its attachments is prohibited without the sender's written permission. WPAOG does not accept liability for changes to this message after it was sent or privacy violations caused by forwarding to additional parties. If you have received this communication in error, please notify the sender and delete this email from your computer. For additional information please refer to the privacy statement available at WestPointAOG.org.

Hello all,

I know the value of an in-kind gift does NOT get included on a receipt to the donor but, at the end of the year we do send some donors a roll up of their giving for the calendar year.  Would you include the amount we recorded for the in-kind gift with all the other cash gifts?

Example:

John Smith gave an in-kind donation worth $10K and he also gave an additional $100K in cash throughout the year.  When we send him a rollup of his calendar giving would the receipt show $110K total given or do we have to separate what was cash and then a description of the in-kind donation.

Thank you,

Tammy

Tammy M. Cline

Assistant Director, Gift Policy, Processing & Reporting

West Point Association of Graduates

698 Mills Road West Point, NY 10996

Phone: 845.446.1540

Fax: 845.377.3039

WestPointAOG.org

Serving West Point and the Long Gray Line

CONFIDENTIALITY NOTICE: The information contained in this email message and any attachments is confidential and the property of West Point Association of Graduates (WPAOG). This message is intended for viewing and use by the original recipients only. Any dissemination, distribution, or copying of this communication and/or its attachments is prohibited without the sender's written permission. WPAOG does not accept liability for changes to this message after it was sent or privacy violations caused by forwarding to additional parties. If you have received this communication in error, please notify the sender and delete this email from your computer. For additional information please refer to the privacy statement available at WestPointAOG.org.

Hi Tammy,

We would only include the description and the date received of the GIK item.  The valuation is between the donor and the IRS. 

Thanks!

Michele

Responsibility ~ Self-Assurance ~ Arranger ~ Relator ~ Input

Hello all,

I know the value of an in-kind gift does NOT get included on a receipt to the donor but, at the end of the year we do send some donors a roll up of their giving for the calendar year.  Would you include the amount we recorded for the in-kind gift with all the other cash gifts?

Example:

John Smith gave an in-kind donation worth $10K and he also gave an additional $100K in cash throughout the year.  When we send him a rollup of his calendar giving would the receipt show $110K total given or do we have to separate what was cash and then a description of the in-kind donation.

Thank you,

Tammy

Tammy M. Cline

Assistant Director, Gift Policy, Processing & Reporting

West Point Association of Graduates

698 Mills Road West Point, NY 10996

Phone: 845.446.1540

Fax: 845.377.3039

WestPointAOG.org

Serving West Point and the Long Gray Line

CONFIDENTIALITY NOTICE: The information contained in this email message and any attachments is confidential and the property of West Point Association of Graduates (WPAOG). This message is intended for viewing and use by the original recipients only. Any dissemination, distribution, or copying of this communication and/or its attachments is prohibited without the sender's written permission. WPAOG does not accept liability for changes to this message after it was sent or privacy violations caused by forwarding to additional parties. If you have received this communication in error, please notify the sender and delete this email from your computer. For additional information please refer to the privacy statement available at WestPointAOG.org.

Thank you!  I'm curious what your year-end tax receipt looks like when you have a donor who gave gifts-in-kind and cash gifts. Are they on one receipt and just broken out or do you create separate receipts?

Hi Tammy,

We would only include the description and the date received of the GIK item.  The valuation is between the donor and the IRS. 

Thanks!

Michele

Responsibility ~ Self-Assurance ~ Arranger ~ Relator ~ Input

Hello all,

I know the value of an in-kind gift does NOT get included on a receipt to the donor but, at the end of the year we do send some donors a roll up of their giving for the calendar year.  Would you include the amount we recorded for the in-kind gift with all the other cash gifts?

Example:

John Smith gave an in-kind donation worth $10K and he also gave an additional $100K in cash throughout the year.  When we send him a rollup of his calendar giving would the receipt show $110K total given or do we have to separate what was cash and then a description of the in-kind donation.

Thank you,

Tammy

Tammy M. Cline

Assistant Director, Gift Policy, Processing & Reporting

West Point Association of Graduates

698 Mills Road West Point, NY 10996

Phone: 845.446.1540

Fax: 845.377.3039

WestPointAOG.org

Serving West Point and the Long Gray Line

CONFIDENTIALITY NOTICE: The information contained in this email message and any attachments is confidential and the property of West Point Association of Graduates (WPAOG). This message is intended for viewing and use by the original recipients only. Any dissemination, distribution, or copying of this communication and/or its attachments is prohibited without the sender's written permission. WPAOG does not accept liability for changes to this message after it was sent or privacy violations caused by forwarding to additional parties. If you have received this communication in error, please notify the sender and delete this email from your computer. For additional information please refer to the privacy statement available at WestPointAOG.org.

Thank you!  I'm curious what your year-end tax receipt looks like when you have a donor who gave gifts-in-kind and cash gifts. Are they on one receipt and just broken out or do you create separate receipts?

Hi Tammy,

We would only include the description and the date received of the GIK item.  The valuation is between the donor and the IRS. 

Thanks!

Michele

Responsibility ~ Self-Assurance ~ Arranger ~ Relator ~ Input

Hello all,

I know the value of an in-kind gift does NOT get included on a receipt to the donor but, at the end of the year we do send some donors a roll up of their giving for the calendar year.  Would you include the amount we recorded for the in-kind gift with all the other cash gifts?

Example:

John Smith gave an in-kind donation worth $10K and he also gave an additional $100K in cash throughout the year.  When we send him a rollup of his calendar giving would the receipt show $110K total given or do we have to separate what was cash and then a description of the in-kind donation.

Thank you,

Tammy

Tammy M. Cline

Assistant Director, Gift Policy, Processing & Reporting

West Point Association of Graduates

698 Mills Road West Point, NY 10996

Phone: 845.446.1540

Fax: 845.377.3039

WestPointAOG.org

Serving West Point and the Long Gray Line

CONFIDENTIALITY NOTICE: The information contained in this email message and any attachments is confidential and the property of West Point Association of Graduates (WPAOG). This message is intended for viewing and use by the original recipients only. Any dissemination, distribution, or copying of this communication and/or its attachments is prohibited without the sender's written permission. WPAOG does not accept liability for changes to this message after it was sent or privacy violations caused by forwarding to additional parties. If you have received this communication in error, please notify the sender and delete this email from your computer. For additional information please refer to the privacy statement available at WestPointAOG.org.

Hello all,

I know the value of an in-kind gift does NOT get included on a receipt to the donor but, at the end of the year we do send some donors a roll up of their giving for the calendar year.  Would you include the amount we recorded for the in-kind gift with all the other cash gifts?

Example:

John Smith gave an in-kind donation worth $10K and he also gave an additional $100K in cash throughout the year.  When we send him a rollup of his calendar giving would the receipt show $110K total given or do we have to separate what was cash and then a description of the in-kind donation.

Thank you,

Tammy

Tammy M. Cline

Assistant Director, Gift Policy, Processing & Reporting

West Point Association of Graduates

698 Mills Road West Point, NY 10996

Phone: 845.446.1540

Fax: 845.377.3039

WestPointAOG.org

Serving West Point and the Long Gray Line

CONFIDENTIALITY NOTICE: The information contained in this email message and any attachments is confidential and the property of West Point Association of Graduates (WPAOG). This message is intended for viewing and use by the original recipients only. Any dissemination, distribution, or copying of this communication and/or its attachments is prohibited without the sender's written permission. WPAOG does not accept liability for changes to this message after it was sent or privacy violations caused by forwarding to additional parties. If you have received this communication in error, please notify the sender and delete this email from your computer. For additional information please refer to the privacy statement available at WestPointAOG.org.

Hello all,

I know the value of an in-kind gift does NOT get included on a receipt to the donor but, at the end of the year we do send some donors a roll up of their giving for the calendar year.  Would you include the amount we recorded for the in-kind gift with all the other cash gifts?

Example:

John Smith gave an in-kind donation worth $10K and he also gave an additional $100K in cash throughout the year.  When we send him a rollup of his calendar giving would the receipt show $110K total given or do we have to separate what was cash and then a description of the in-kind donation.

Thank you,

Tammy

Tammy M. Cline

Assistant Director, Gift Policy, Processing & Reporting

West Point Association of Graduates

698 Mills Road West Point, NY 10996

Phone: 845.446.1540

Fax: 845.377.3039

WestPointAOG.org

Serving West Point and the Long Gray Line

CONFIDENTIALITY NOTICE: The information contained in this email message and any attachments is confidential and the property of West Point Association of Graduates (WPAOG). This message is intended for viewing and use by the original recipients only. Any dissemination, distribution, or copying of this communication and/or its attachments is prohibited without the sender's written permission. WPAOG does not accept liability for changes to this message after it was sent or privacy violations caused by forwarding to additional parties. If you have received this communication in error, please notify the sender and delete this email from your computer. For additional information please refer to the privacy statement available at WestPointAOG.org.