Texas Acknowledgment by Charitable or Educational Institution of Receipt of Gift

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Multi-State
Control #:
US-0035BG
Format:
Word; 
Rich Text
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Description

Most charitable organizations seek to acknowledge all contributions in a professional and timely manner. This includes gifts of cash, stocks, other securities, in-kind gifts, pledges, pledge payments, bequests, bequest expectancies, gifts of personal assets, and other deferred gifts. A written notification is sent to inform a donor that the gift has been received. Letters of acknowledgment from persons other than those with delegated acceptance authority do not constitute legally recognized acceptance and should not state nor imply that a gift has been accepted.

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FAQ

What do you need to include in your donation acknowledgment letter? The donor's name. The full legal name of your organization. A declaration of your organization's tax-exempt status. Your organization's employer identification number. The date the gift was received. A description of the gift and the amount received.

A donation acknowledgment letter (sometimes called a donation receipt or thank-you letter) is an email or paper that recognizes a charitable contribution. At a bare minimum, it's a confirmation receipt to your donors acknowledging you've received their donation.

Dear [Name], I am writing to express my heartfelt gratitude for the wonderful gift you have given me. Your kind gesture has left me feeling overwhelmed and grateful for the thoughtfulness and generosity you have shown me.

Here are basic donation receipt requirements in the U.S.: Name of the organization that received the donation. A statement that the nonprofit is a public charity recognized as tax-exempt by the IRS under Section 501(c)(3) Name of the donor. The date of the donation. Amount of cash contribution.

Sample Donor Acknowledgement Letter for Non-Cash Donation On [DATE], you donated [DESCRIPTION ? WITHOUT MONETARY VALUE]. This gift is greatly appreciated and will be used to support our mission. In exchange for this contribution, you received [GOODS OR SERVICES ? WITH ESTIMATE OF FAIR MARKET VALUE].

Some experts recommend that your acknowledgment read something like, ?Thank you for recommending the generous grant of $500.00 that we received on <date> through your donor advised fund at Fidelity Charitable.?

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Texas Acknowledgment by Charitable or Educational Institution of Receipt of Gift