Gifts-in-kind are non-cash donations of materials or long-lived assets directly related to the mission of the university or readily convertible to cash to support the university’s mission. Examples include tangible property such as equipment, livestock, software, hardware, product inventory, cars, boats, airplanes, and real estate.
Please note that the value of a person’s or organization’s time or service, appraisal fees, or partial interest in property is not allowable as a donation under IRS guidelines. However, UF/IFAS can provide recognition for a person’s time or service.
To receive credit for an in-kind donation, donors must submit a letter outlining the goods provided and documentation of the fair market value of the gift. Fair market value may be established with a qualified appraisal, vendor invoice, market price list, etc.