In Kind Donations
IN KIND DONATIONS
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Many communities receive Gift In Kind Donations. This can be anything from a DJ donating his services at the year end banquet to a grocery store donating all of the water for your local soccer tournament.
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Special Olympics Ontario can issue Tax Receipts for Gift in Kind Donations as long as the community Treasurer provides the Financial Department with the information that is needed.
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To issue a Tax Receipt for a gift in kind donation received from a Business: just provide SOO a list with company name, address and description of item given. Value of the products is optional.
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From Service providers such as Disc Jockey, Doctors, Lawyers, etc. who provide their service for free. A Cheque exchange has to be made- the community should pay for services rendered and then the individual can write a cheque for the same amount back to SOO-(community) as a donation.
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If an individual provides the organization with an in kind donation SOO will need proof of value of the item donated such as receipts, flyer ads, etc. if the donation is beyond $1000 a 3rd party assessment will be required.