How to do Gift-in-Kind Receipts
A common problem is how Groups can provide tax receipts for non-monetary gifts. The proper way to accomplish this, according to Chuck McIlravey, is to:
– have the donor provide the item and invoice the Group for its’ value
– the Group pays the invoice by cheque
– the donor then donates the full amount back to Scouting through the CEC office, cheque payable to Scouts Canada, marked as specifically for the Group (this last point is important).
– CEC will then accept the donation, issue the receipt, and issue a cheque to the Group
Remember that it will normally take 30 to 40 days before your Group receives its’ funds back.