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  • 1.  Threshold for requiring a deed of gift/gift agreement

    Posted 06-18-2024 02:04 PM

    Hi all,

    Repackaging this question but still particularly interested in the context of in-kind gifts. What dollar threshold do you require for an in-kind gift to be accompanied by a gift agreement that includes deed of gift language? Is it still $5,000 to coincide with the 8283 requirements?

     

    Thanks again 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

     

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

    Posted 06-18-2024 02:22 PM
    John, as with non-GIKs, I do not see "deed of gift" language used that much anymore. The standard gift agreement describing what is being conveyed is normally sufficient.

    I usually see the word deed used only with real property donations. And with vehicles, the word title or title transfer.

    But if I had to use "deed of gift" for in-kind donations I would stick to $5,000+

    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/gift agreement

    Posted 06-18-2024 02:36 PM

    Thanks John.

     

    John

     




    Original Message


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