In-kind donations are goods and services provided at no cost to the Southern West Virginia Community College Foundation in lieu of a monetary gift. Provided the gift is one that meets a college need, we appreciate gifts of non-cash tangible assets which may be used to further the education and training of students, or gifts which benefit the administrative operations of the College. Individuals and representatives of businesses and corporations interested in making in-kind donations are asked to contact President Joanne Jaeger Tomblin at 304-896-7439 or Ron Lemon, Vice President for Development, at 304-896-7425 to discuss potential equipment before making such a gift.
The donor must obtain an appraisal executed by a qualified independent appraiser for any non-cash contribution which exceeds $5,000. The appraisal summary section of IRS Form 8283 must be completed and attached to your income tax return on which the deduction is claimed.
No appraisal is required for a gift of publicly traded securities for which market quotations are readily available on an established securities market.