Thank you for taking the time to complete this form. It is important because it:
• Allows the Foundation to thank the donor
• Provides a record of the item(s) for the College that need to be shared with the District Board and may need to be considered for the College’s insurance purposes
Gifts in-kind are non-monetary items of tangible personal property such as equipment, automobiles, inventory, clothing, food, and other personal assets or materials that represent value to Southwest Wisconsin Technical College. A gift in-kind, as defined above, must be tangible property. Donors of gifts-in kind can generally receive a tax deduction equal to the fair market value or the property at the time of the contribution. Unreimbursed expenses such as professional services and limited use of private property are not considered tax-deductible, charitable gifts in-kind by the Internal Revenue Service. We might certainly receive such gifts. The Foundation may record the value of donated professional services for acknowledgement purposes but no tax receipt will be provided to the donor but the donor.
If you have any questions, please contact the Southwest Tech Foundation at foundation@swtc.edu or 608-822-2379.