Thank you in advance on behalf of my colleague Mark Kain, Director of Information Services at Geisinger Health Foundation. He and I have been discussing this scenario and are curious to hear other insight and recommendations on how we might best proceed. Recently in-kind donations were received by our child-life unit in our pediatrics department. The gift in kind acceptance form our Foundation received provided a description of the items that were donated along with an amount of $16,000 as valued by the staff member who accepted the donation. Please note that the donor was not seeking any type of credit or even an acknowledgment letter; however, we are being asked to record the in-kind gift in this amount.
Regardless of whether or not the donor is seeking credit or an acknowledgment, is it customary to record an in-kind gift in the donor database of record without any corroborating documentation regarding value (i.e. is a basic acceptance form okay)?
When our 990 forms are filed each year in-kind donations are included so I suspect value accuracy is paramount on some level. I look forward to any insight you may have about this particular situation. Thank you for your time.
Anna Grbenick, email@example.comMark Kain, firstname.lastname@example.org