Gifts-In-Kind Donations
Mohawk College welcomes gift-in-kind donations that contribute to the growth and success of the College and that will benefit the students' academic careers. Gifts-in-kind are gifts of property other than cash (i.e. cheques and credit card payments) and marketable securities. Gifts-in-Kind include gifts of supplies, equipment, books and artwork. For a gift-in-kind to be eligible for a tax receipt the following requirements must be met:
- the gift is of value to the College
- an independent appraisal has been made of the fair market value of the gift
- gift certificates should be reviewed with Gift Planning prior to acceptance as the terms of the certificate, and whether or not the donor is the issuer, determine the ability and timing of a receipt being issued.
Once the gift is appraised, a donation receipt will be issued for the fair market value of the gift.
