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Gifts in Kind
All "Gifts in Kind” contributions to the Avery Coonley School are greatly valued and appreciated.These gifts are defined as non-cash items such as equipment, books, artwork, supplies, receptions, or a product that is voluntarily transferred from the donor to ACS without compensation or consideration in return. Snack items brought into the classrooms will not be considered as Gifts in Kind. Donors are encouraged to speak with the Office of Development or members of the Faculty prior to making a Gift in Kind to be sure that the gift is needed by the school.
Valuations of Gifts in Kind are the privilege and responsibility of the donor.Contributions are tax deductible in keeping with IRS regulations. When Gifts in Kind are valued in excess of $500, the IRS requires donors to complete a special form for taxes (IRS Form 8283). In addition, if the value of the donation is more than $5,000, the donor must obtain a professional appraisal in addition to completion of this IRS Form. Please consult your tax advisor for more information regarding the IRS requirements for deductible of these special gifts.
So that these gifts are appropriately acknowledged, donors are asked to complete the "Gift in Kind” Donation Form and return it to the Office of Development. Copies of this form are also available at the Secretary’s desk as well as in the Office of Development. Donors will receive an acknowledgement from the Office of Development and will be listed in the Annual Report.
If you would like to make a Gift in Kind please complete the form below.
Thank you for your support of ACS!