Development Communication In-kind donation letter
Dear <NAME>, Thank you for supporting Ivy Tech students through your generous gift to the Ivy Tech Foundation. Your personal investment in Changing Lives. Making Indiana Great. cannot be understated. Please be aware that IRS regulations specifically prohibit Ivy Tech from assigning or participating in the valuation of non-cash gifts. We must leave valuation of the gift to you and your financial advisor(s). Any information you provide regarding the estimated value of the contributed item(s) is used by the foundation only for inventory and insurance purposes. With respect to your donation, you received no goods or services in exchange for your contribution, which are required to be considered when determining your tax deduction. Based on our understanding of federal income tax law, the entire amount qualifies as an eligible charitable contribution. Please keep this receipt for use in filing your federal income tax returns. It is designed to meet the requirements for gift substantiation under Section 6115 of the Internal Revenue Service code. Furthermore, this receipt certifies our acceptance of your donation for the item(s) referenced below. Before claiming a charitable deduction, it is always wise to consult with your tax advisor(s). Item(s):
We appreciate your thoughtful contribution(s) to help our students succeed. If you have any questions regarding this receipt, please contact me at 260-480-4156. Thank you! Sincerely,
John Milentis, CFRE Executive Director of Resource Development P.S. Your support makes a difference in the lives of our students and the economic development of our region.