A gift in kind is a donation of goods or service rather than money. Some examples of a gift in kind include:
Prize donation for events
Gifts in kind help the Alzheimer Society of Muskoka by enhancing events, reducing necessary expenses and contributing to the Society’s assets.
Not all gifts in kind are eligible for a charitable tax receipt as directed by the Canadian Revenue Agency. When receiving a gift in kind, the Society’s policy is as follows:
Prize Donations: Tax receipts for prize donations will only be given at the specific request of the donor. Documentation indicating the fair market value of the item must be provided by the donor.
Donation of Gift cards/certificates: Tax receipts will not be given for the donation of gift cards and gift certificates; however, the Society will provide a letter of acknowledgment.
Donation of Services: Tax receipts will not be issued for donations of services; however, it is acceptable for a person who has been paid by the Society for services rendered to then make a donation for which a receipt shall be issued.
Last Updated: 11/08/2017