A gift-in-kind is a donation of goods, such as equipment, art, or historical items. When your DLC receives a gift-in-kind, be sure to report the donation to the Office of the Recording Secretary (RSO) and to the Property Office.
Understand gifts-in-kind

Gifts-in-kind are donations of goods, including equipment, art, or historical items. Gifts of services do not count as gifts to MIT for tax purposes.

Report a gift-in-kind

Report every gift-in-kind (donation of goods) that your DLC receives to the Office of the Recording Secretary (RSO) using the online MIT Gift-in-Kind Form. Be sure to attach copies of all correspondence and all original documents related to the gift, such as deeds, gift letters, appraisals, or IRS Form 8283.

The VPF Property Office must track every gift of capital equipment and relies on these RSO reports to keep its records accurate.

The Details

Understand gifts-in-kind

Gifts-in-kind are donations of goods, including equipment, art, or historical items. Gifts of services do not count as gifts to MIT for tax purposes.

Report a gift-in-kind

Report every gift-in-kind (donation of goods) that your DLC receives to the Office of the Recording Secretary (RSO) using the online MIT Gift-in-Kind Form. Be sure to attach copies of all correspondence and all original documents related to the gift, such as deeds, gift letters, appraisals, or IRS Form 8283.

The VPF Property Office must track every gift of capital equipment and relies on these RSO reports to keep its records accurate.

Did You Know?

The Property Office administers a separate accounting program for equipment that is fabricated on campus.
Even if you have equipment donated to your lab or center, the Property Office must keep track of it in the Institute’s inventory system.
You can get a listing of all your DLC’s computers by emailing the VPF Property Office. In your message, list your DLC number or costs centers and specify how you want the report sorted—by location, person, account, equipment, or type.
mailto:property@mit.edu
You can access eProp—the Institute’s database of nearly 100,000 items—by contacting Richard Janus in the Property Office.
mailto:rjanus@mit.edu
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