A gift-in-kind is a non-cash donation and includes items such as personal effects, artwork and real estate. Collingwood School gladly accepts gift-in-kind donations for which there is a use for Collingwood School and that have been approved by our Chief Financial Officer, Catherine Ruby.
Upon completed valuations (third-party if needed), a donation receipt will be issued for the fair market value of the gift. Official tax receipts are issued once Collingwood School receives all applicable donation forms, itemized receipts and valuation of fair market value from a Canadian source. Gifts greater than or equal to $1000 will require a third-party appraisal as per the CRA.
Please contact Advancement at advancement@collingwood.org to obtain the Gift-In-Kind Donation Form.
Parents’ Council events: For gift-in-kind donations for events such as the Spring Fair and Gala, please kindly contact the event chairs for the Parents’ Council Gift-in-Kind Donation Form. Not all donations such as works of art, antiques, jewelry and rare/unique items will be tax receipted unless valuation can be clearly identified or appraised and Collingwood School receives all applicable donation forms, itemized receipts and valuation of fair market value from a Canadian source.
For more information pertaining to official tax receipts and CRA’s standards for determining fair market value, please see the following links:
Determining fair market value of gifts in kind (non-cash gifts)
Deemed fair market value rule