ASB Badge #09 - Donations & Gifts-ASB Badge #9 Recording

Video Transcription

Video Summary

Badge 9 explains how schools and ASB programs should handle donations and gifts. Donations may come from parents, staff, community members, foundations, or trusts and are governed by local board policy, including how gifts are accepted and documented. Public school districts generally do not need a 501(c)(3) to receive tax-deductible contributions because the IRS treats public schools as governmental entities exempt from federal income tax. Cash donations are typically deductible dollar-for-dollar; non-cash gifts should be valued using fair market value guidance (e.g., thrift-store comparisons for clothing), and specialized items like art may require professional appraisal. A donation/gift form (paper or electronic) should capture donor info, gift type/value, restrictions, timelines, and signatures. For ASB-related donations, best practice is having PTOs/booster clubs donate funds to the district, which then purchases items to manage liability and asset tracking. Athletic donations must also consider Title IX equity. The training also introduces Private Purpose Trust (PPT) funds and InvestED, a PPT-style program requiring an application and annual reporting.

Keywords

school donations policy

ASB program gifts

tax-deductible contributions public schools

donation gift form documentation

fair market value non-cash gifts appraisal

Private Purpose Trust (PPT) InvestED reporting