Receiving Non-Cash Gifts: Fair Market Value and Appraisals

Ideas & Perspectives
Ideas & Perspectives

Volume 31

No. 1//

January 16, 2006

When donors decide to make gifts to your school, they want to know that you have a reasonable set of procedures in place for accepting the gifts and that you have a full understanding of the laws that govern the use and tax deductibility of the contributions. Donors trust you to be good stewards of their gifts, and to be conscientious counselors during the gift-giving process. Consequently, you must be prepared to answer questions from donors and to follow the IRS regulations governing the acceptance of gifts.
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Work with a trusted partner to create a mission-appropriate plan to help your school achieve its goals. Whether your school aims to increase cash reserves, boost enrollment levels, attain long-term stability, rely on experts to bring these goals and many others to life. Together we'll create and implement personalized, onsite recommendations for any area of your school's administration. Call us at 302-656-4944 or email us at consulting@isminc.com.

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