Seneca appreciates the donation of gifts-in-kind. These gifts enrich our students’ educational experience and help further Seneca’s mission.
A gift-in-kind is defined by Canada Revenue Agency (CRA) as a gift of tangible property such as works of art, equipment, company products or real estate. A gift that is transferred to Seneca without expectation of benefit is considered charitable in nature and may qualify for a charitable income tax receipt. Please note that gifts of service are not eligible for a tax receipt.
CRA regulates the receiving and receipting of gifts-in-kind. The donor will be asked to acquire the fair market value of the gift at the time of donation and to provide Seneca with acceptable documentation such as sales receipts, invoices or third party appraisals of the items donated.
If you are considering donation a gift-in-kind, please contact us first to determine the best fit for Seneca’s needs. Seneca may decline a gift that does not further our goals or that involves special maintenance or conditions that Seneca is unable to satisfy.
For more information, please contact the advancement team.