| Gifts-in-Kind |
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Gifts-in-kind are items of tangible personal property such as art, books, computer equipment, and automobiles. They are donated for related educational purposes and are recorded at their fair market value. Gifts-in-kind valued in excess of $500 should be accompanied by a deed of gift and the fair market value as determined by the donor. The IRS and the University require that you provide an independent appraisal of gifts-in-kind valued at more than $5,000. |