Gifts-in-Kind

GIFTS-IN-KIND

Still not sure what a gift-in-kind is?

In this section, you will uncover all the basics about gifts-in-kind. Plus, you can delve deeper into specific areas such as Certified Cultural Property, Ecologically Sensitive Land, Mortgaged Property and Securities.

It also examines gifts of service - what can and cannot be issued an official donation receipt?

    1. The Basics
    2. Gifts of Services
    3. Certified Cultural Property
    4. Public Traded Securities
    5. Ecologically Sensitive Land
    6. Mortgaged Property

      It’s all up to you!

You can move through the modules at your own pace. Clicking the >> will give you the Table of Contents for each module. Clicking on links or the hand will guide you to related topics within our site, or to external sites.

If you have not seen the Learning Map on Receipting, you may want to go and take a look at www.charitycentral.ca/node/81

 

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This is the complete listing of all the modules on Receipting. As you can see, there are 6 modules on Gifts-in-Kind.

The Basics

This module identifies the documentations that your registered charity should have on file. Documents about your organization's charitable status should include: Notification of Registration Letter and Annual Information Returns (T3010).

Gifts of Service

This module looks at the basic rules that apply to gifts of service. The module answers questions on: What is considered a gift of service? Can our charity receipt for gifts of service? Where can we get more information on gifts of service?

Certified Cultural Property

This module covers basic information your registered charity should know about Certified Cultural Property. The module answers the questions: What is Certified Cultural Property? Who can receive certified cultural proerty? How do you determine FMV for Certified Cultural Property? Who determines the FMV of Certified Cultural Property?

Publicly Traded Securities

This module looks at the basic rules that apply to receiving a gift of publicly traded securities. The module answers questions such as: What are publicly traded securities? What do you do if you receive securities as a gift? How do you determine the Fair Market Value of the securities? Why should you get a written confirmation of the value of the securities and why is it important to do so?

Ecologically Sensitive Land

This module covers basic information your registered charity should know about Ecologically Sensitive Land. The module answers the questions: What is Ecologically Sensitive Land? What is the Ecological Gifts Program (EGP? Are there rules or regulations around ecologically sensitive land? How do you determine the FMV of ecologically sensitive land? Where can I get more information on ecologically sensitive land?

Mortgaged Property

This module looks at the basic rules that apply to receiving a gift of mortgaged property. The module answers questions on: How do we determine Fair Market Value for mortgaged property? How do we value mortaged property? How do we determine if there are advantages? How do we determine the eligible amount for a receipt?