I have been looking for over an hour today, in Best Practices and CASE Global Standards with no luck. Please help.
I understand that we provide no value to the donor in an acknowledgement, but do you enter a price or value during gift processing? And, when it is valued at well over $5K (grand piano), but the donor gave it to avoid moving it and with no appraisal, how do you enter it?
If I am asked by a VP or the President for lifetime giving, I'd like to be able to include those, but can I?
Please advise. I've been made aware of a few GIKs accepted over the last few months, so I need to get these entered.
Director of Advancement Services
Division of Institutional Advancement | Maedgen #209
1 McMurry University | #938 | Abilene, TX
325-793-4750 mcm.edu | give.mcm.edu
Thank you John.
Therese M. Morris
Advancement Data Manager
St. Paul's School
I would say, rather, that the receipt should describe the property received in enough detail to uniquely identify it, but should include no amount, zero or otherwise.
My US$0.02 worth; the usual disclaimers apply.
Alan S. Hejnal
Data Quality Manager
Smithsonian Institution - Office of Advancement
600 Maryland Ave SW Ste 600E
PO Box 37012, MRC 527
Washington, DC 20013-7012
Voice: 202-633-8754 | Email: HejnalA@si.edu
========= Non-Cash Gift Processed 6/22/2018 ==========
Type: Gift of Property
Note: Description of Property
Please retain this document and consult your tax advisor for information regarding this non-cash gift donation.
Your gift may require that IRS Form 8283 be completed by you with an appraisal of property donated. In addition, the deduction you receive from this gift may be limited to the cost of the goods donated if your cost is less than the market value of the donated property.