Gift in Kind

Gifts in kind are important ways of benefiting Mercy Foundation and may include property (other than cash and marketable securities, such as real estate), works of art, event supplies and rentals, equipment, furnishings, products, professional work, etc.

The IRS requires the donor to determine the fair market value of the gift for individual, foundation, or corporate tax reporting purposes. The Foundation will issue a gift in kind receipt with a description of the donated property and will recognize the donor for the value of the gift without referencing or receipting a specific dollar amount.