Gifts-in-Kind
Gifts-in-Kind are tangible assets, such as equipment, parts, books, etc. All gifts-in-kind must relate to the mission of Vernon College. A Gift-in-Kind Acceptance form must be completed by the donor, the Vernon College employee who received the asset, or a member of the Institutional Advancement staff and filed in the office of Institutional Advancement. The Gift-in-Kind Acceptance Form can be obtained from the Vernon College website under Institutional Advancement or in paper form from the office of Institutional Advancement. Because of Internal Revenue Service rules governing the donation of tangible assets, the Vernon College employee involved in the donation of a gift(s)-in kind must contact the Director of Institutional Advancement immediately to complete the donation and prior to acceptance of the asset. Under no circumstances may a Vernon College employee place a value on the donation; that is the responsibility of the donor. The office of Institutional Advancement is charged with the responsibility for accounting for and acknowledging all gifts-in-kind to the College.