Assess gifts-in-kind to determine their viability and benefit to your institution.
Overview
Gifts-in-kind, or non-cash gifts, are unique. Most are appreciated assets that offer donors the ability to give an asset, receive a tax deduction for the value, and, depending on the donor, avoid capital gains tax. Yet, there are many gifts-in-kind that aren’t so easy to accept. This may be due to unverifiable value, such as with art collections, gifts of used equipment that may prove to be hard to place or to find a means to value, illiquid privately-held securities, or non-fungible tokens that pose issues in determining both ownership and value, as examples. Donors need to be responsible for providing bona fide appraisals and bearing those costs; but the institution also needs to be able to validate the value as well as many other aspects of a non-cash gift prior to acceptance. Whatever the non-cash gift, the viability of the value and its benefit to the institution must be analyzed before accepting.
To better answer the question of whether a gift-in-kind has the value the donor claims, you must have a thorough review process in place and access to the right experts who can verify both the value and its benefit. Either way, gifts-in-kind must be analyzed on a case-by-case basis on whether they will be worth the institutional time and effort it will take to accept and manage them.
Who Should Attend
This training is for advancement services professionals who want to improve their gifts-in-kind value evaluation process
The Academic Impressions Online Learning Experience
Intentionally Designed
Online Learning
Our virtual trainings go far beyond just replicating PowerPoint presentations online: these experiences are intentionally designed to give you the kind of robust and dynamic learning experience you’ve come to expect from Academic Impressions. These trainings provide you with an active learning environment and an online space where you can explore ideas, get inspired by what your peers are doing, and understand the range of possibilities around a certain topic. You will leave these sessions with practical solutions that you can take back to your team or task force.
What you will get:
- A dynamic, interactive, and high-touch virtual learning experience designed to engage and set you up for growth
- Seamless online face-time, networking, group work, and Q&A opportunities from the comfort of your own workspace
- Practical takeaways and hands-on knowledge
- Guidance from vetted subject matter experts
- Unlimited access to all recorded online sessions
AGENDA
11:00 a.m. - 12:30 p.m. ET
There are many reasons behind why a donor may give a gift-in-kind as opposed to cash. Whether it’s for tax reasons, goodwill, or, most often, a combination of both, each type of unique gift carries pros and cons for the institution. Learn the types of gifts-in-kind that institutions are seeing today and the benefits or potential detriments that may come with each.
Depending on the type of gift-in-kind, a strategic in-house process should be in place to accurately assess the value of the gift. Questions you need to know the answers to include: whether the donor expects you to keep or sell the gift (and the costs associated with each), who would manage the gift upon receipt, and how each process would play out. Learn what your institutional demarcation line is on whether the gift-in-kind is worth accepting and how best to communicate to the donor if you must decline.
SPEAKERS
Marlene Shaver
Associate Vice Chancellor, Advancement Services UC San Diego, and Chief Financial and Operating Officer, UC San Diego Foundation
Marlene has been in her position with UC San Diego for 32 years after serving in public accounting for six. She has been involved in two significant campaigns for UC San Diego—in the first raising over $1 billion completed in 2007, and in the second, just completed, raising over $3 billion. Her team oversees the full charitable gift revenue cycle from proposal review, to gift agreement preparation, gift analysis, processing and receipting, gift accounting, investment and endowment management, planned gift management, donor acknowledgement, and ongoing gift and fund stewardship.