IRS 501(c) 3 Tax Exempt Number 47-2746306
Instructions for completing the In-Kind Donation Form:
RULES AND REGULATIONS:In-Kind donations must meet the standard charitable organization rules as outlined by the Federal Accounting Standards Board (FASB) which includes:Current standards of the FASB require that contributed services be recognized and recorded. The following criteria must be met: (1) the donation must be useful;(2) the service creates or enhances a non-financial asset;(3) the services require specialized skills and are provided by individuals with those skills.
Providing In-Kind services and materials require review and approval from the FACT Relief Foundation management staff prior to acceptance. Only signed, approved donation forms are acceptable as acknowledgement of in-kind donations.