Sample gift policy manuals.
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Flow of check through all of the gift processing steps.
Note: No goods or services have been offered or received by you in consideration of your gift. The [Organization] calculates the fair market value of stock gifts based on the stock’s mean value on the date received, in accordance with IRS regulations (IRS Pub. 561). The stock was received in our account on 8/5/2010, and the mean value of XXXX on that date was $63.73 (high of $64.20; low of $63.26) for a total of $50,028.05.
For the most part, cash gifts are easy. You deposit them in your account and spend them for whatever purpose the donor intended.
With respect to non-cash gifts, it gets a little more complicated. “Gifts in Kind” and “Gifts of Property” are terms that we may use more or less interchangeably, but which may mean slightly different things to different people.
Fortunately, if you limit the conversation to deductible gifts, the differences mostly sort themselves out. Contributed by Alan S. Hejnal.