According to the Gift Acceptance Policy Guidelines established by the Board of Trustees, all in-kind gifts with an apparent value of $5,000 or greater must be submitted to the Gift Review Committee prior to acceptance by the college.
Personal Property gifts with a value of $5,000 or more will require an appraisal (performed within IRS time requirements) from a qualified third party appraiser for gift recording valuation purposes. The IRS requires donors to obtain an appraisal to substantiate their charitable tax deduction for gift valued at $5,000 or more and must submit IRS form 8283. The cost of the appraisal will be the responsibility of the donor. The donor should download the current 8283 Form and forward the completed form to the Broward College Foundation for signature. The donor is not required to obtain an appraisal if not claiming a tax deduction. However, documentation should be submitted with the item to support the valuation placed upon the gift.
- Instructions for Form 8283, Noncash Charitable Contributions
- Form 8283, Noncash Charitable Contributions
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