Connecticut Acknowledgment by a Nonprofit Church Corporation of Receipt of Gift is a legal document that serves as a proof of receipt for donations or gifts made to a nonprofit church corporation in Connecticut. This document helps the church corporation maintain transparency and comply with the state's regulations. The Connecticut law requires nonprofit church corporations to issue an acknowledgment letter to donors, confirming the value of the gift received. This letter should contain specific information to be legally valid. The first type of acknowledgment is the Basic Acknowledgment, in which the nonprofit church corporation acknowledges the contribution or gift without any additional details regarding the value or date received. This type of acknowledgment can be used for gifts under $250. For gifts exceeding $250 but no more than $500, the Connecticut law requires a Specific Description Acknowledgment. Here, the nonprofit church corporation provides a detailed description of the gift received, including its value, date received, and nature of the contribution. For non-cash donations exceeding $500, the Enhanced Acknowledgment is utilized. This type of acknowledgment is more comprehensive and includes specific details about the gift's description, value, date received, and any appraisal requirements. To create a proper Connecticut Acknowledgment by a Nonprofit Church Corporation of Receipt of Gift, the following essential elements should be included: 1. Nonprofit Church Corporation Information: The document should mention the full legal name and address of the nonprofit church corporation. 2. Donor Information: The name, address, and contact details of the donor should be clearly indicated. 3. Gift Description: A thorough description of the gift, whether it is cash or non-cash, should be included. For non-cash donations, the description should include details such as the type of asset, condition, or any special features. 4. Gift Value: The acknowledgment should state the fair market value of the gift received. For non-cash donations, the document can refer to an independent appraisal, if applicable. 5. Date of Receipt: The exact date when the gift was received by the nonprofit church corporation should be mentioned. 6. Statement of No Goods or Services: In case no goods or services were provided by the nonprofit church corporation in exchange for the gift, this fact should be explicitly stated to comply with tax regulations. 7. Nonprofit Church Corporation Representative: The acknowledgment should include the signature of an authorized representative, along with their printed name and title. It is crucial for nonprofit church corporations in Connecticut to issue accurate and timely acknowledgments for contributed gifts. These documents are vital for both the church corporation and donors to maintain proper financial records, substantiate tax deductions, and ensure compliance with legal requirements.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.