Gift in Kind Form BO 80 02 Rev Auburn University Auburn

What is the Gift in Kind Form BO 80 02 Rev Auburn University Auburn

The Gift in Kind Form BO 80 02 Rev is a specific document used by Auburn University to facilitate the donation of non-cash gifts. This form is essential for documenting the details of the donation, ensuring that both the donor and the university have a clear record of the transaction. It serves as an official acknowledgment of the gift, which can be important for tax purposes and for the university's accounting records.

How to use the Gift in Kind Form BO 80 02 Rev Auburn University Auburn

To effectively use the Gift in Kind Form BO 80 02 Rev, donors should first obtain the form from the Auburn University website or relevant department. Once in possession of the form, the donor should fill out the required fields, including their contact information, a description of the gift, and its estimated value. After completing the form, it should be submitted to the designated office at Auburn University for processing. This ensures that the gift is properly recorded and acknowledged.

Steps to complete the Gift in Kind Form BO 80 02 Rev Auburn University Auburn

Completing the Gift in Kind Form involves several key steps:

• Obtain the form from the Auburn University website or the appropriate department.
• Provide your personal information, including name, address, and contact details.
• Describe the gift being donated, including its condition and any relevant specifications.
• Estimate the value of the gift based on fair market value.
• Sign and date the form to certify the accuracy of the information provided.
• Submit the completed form to the designated office at Auburn University.

Legal use of the Gift in Kind Form BO 80 02 Rev Auburn University Auburn

The legal use of the Gift in Kind Form is critical for both the donor and Auburn University. This form acts as a legal document that provides evidence of the donation, which can be important for tax deductions. Donors should ensure that the information provided is accurate and truthful, as any discrepancies may lead to legal issues or penalties. Auburn University also relies on this form to maintain compliance with regulations governing charitable donations.

Key elements of the Gift in Kind Form BO 80 02 Rev Auburn University Auburn

Key elements of the Gift in Kind Form include:

• Donor's contact information.
• Description of the donated item, including its condition and intended use.
• Estimated value of the gift.
• Signature of the donor to validate the information.
• Date of the donation.

Examples of using the Gift in Kind Form BO 80 02 Rev Auburn University Auburn

Examples of using the Gift in Kind Form include donating equipment, art, or supplies to Auburn University. For instance, a local business might donate computers for student use, while an artist may contribute a sculpture for display on campus. In each case, the form is completed to document the specifics of the donation, ensuring proper recognition and compliance with university policies.