Gifts-in-Kind and Gifts-of-Service
Gifts-in-kind, sometimes referred to as nonmonetary gifts, are of substantial value to UNLV. Many times, donated items or services enhance UNLV’s mission without direct cost to the university. Gifts of this type may include specialized equipment for student and research use; book collections for use in the UNLV Libraries; professional services generally budgeted as a university expense; and other nonmonetary items used in campus facilities, operations, or academic settings.
These gifts are often tax-deductible as donations to UNLV; however, gifts-of-service may be subject to different IRS tax regulations, and each gift is accepted and considered with this in mind. Before the university can accept a gift-in-kind, UNLV must ascertain that the type of gift is consistent with the mission and purposes of the institution.
The material presented on the UNLV website is not offered as legal or tax advice. Please consult your personal tax advisor or attorney concerning the specific consequences of your gift.