Fillable Idaho State University Foundation - Gift-In-Kind Form

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Idaho State University Foundation - Gift-In-Kind Form

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GIFT-IN-KIND FORM
This form is intended for use when a non-cash gift is given to the University. The completed form should be returned to
the ISU Foundation with the corresponding donation. If you have questions, please call (208) 282-3470.
DONOR INFORMATION
☐
Donor wishes to remain anonymous.
Name:
Viking #:
Address:
City:
State:
Zip:
Phone:
Email:
Organization Contact:
Name:
Title:
Phone:
Email:
GIFT INFORMATION
Describe the gift in detail. Indicate quantity, model number, manufacturer, title, artist, condition, location, etc. Attach a separate sheet if needed.
Estimated Market
Value of Gift:
The Idaho State University Foundation (“Foundation”) is not permitted to value a gift for tax deduction purposes. If the value of the gift is over $5,000, the donor
must obtain an appraisal as defined by IRS Pub 561, and provide a copy of the appraisal to the Foundation.
I/We desire to transfer the above described property to the Foundation and irrevocably assign, transfer, and give all my/our right, title, and interest in it to the
Foundation. I/We represent and warrant that I/We have complete and clear tittle to the property described above and the authority to make the gift. This
agreement transfers unrestricted legal title of the gift to the Foundation. There are no restrictions as to the use of the gift. I/We am/are aware that acceptance and
disposition of the gifts are governed by the policies of the Foundation without prior approval by me/us.
Donor Signature:
Date:
VALUATION METHOD
☐
Independent Appraisal
☐
Vendor/Donor Documentation (letter)
☐
Itemized Inventory List
☐
Published Value (catalog)
ACCEPTANCE
ISU Dean/Department Head
Date
Printed Name
University Business Officer
Date
Printed Name
ISU Foundation Official
Date
Printed Name
Gifts over $5,000 require the signatures of both the Dean/Dept. Head and Foundation official.
Please consult your financial advisor if you have any questions regarding this form. IRS Form 8283 – You must file Form 8283 in the amount of your deduction for
all non-cash gifts of more than $500. C corporations must file Form 8283 only if the amount claimed as a deduction is more than $5,000. A partnership or S
corporation that claims a deduction for non-cash gifts of more than $500 must file Form 8283 with Form 1065, 1065-B, or 1120S.
Revised 4/2015
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Idaho State University Foundation - Gift-In-Kind Form

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Completed 27 May 2020

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