How do I handle in-kind donations?

In-Kind donations are goods or services provided for no cost, or less than market cost. Please consult with the Development Office to issue an In-Kind Donation Form to record the receipt of the item or service. The IRS requires the donor to determine the value, so we should not include any valuation on their receipt. The Finance Office will need an estimate of the value, which should be included on the internal copy of the In-Kind Donation Form.