Learn Practice Element 5B2: Providing Timely Written Gift Acknowledgments

This guidance covers Practice 5B: Accountability to Donors.

Land Trust Standards and Practices, Practice 5B: Accountability to Donors, includes four elements. This 30-minute module covers the third element:

3. Maintain financial and other systems to document and comply with any donor restrictions on gifts

This factsheet offers guidelines on the drafting and delivery of the contemporaneous substantiation letters required by IRC Section 170(f)(8).

This is a template for contemporaneous written gift acknowledgement and was reviewed and approved by the Land Trust Accreditation Commission in December 2014.

Land Trust Standards and Practices, Practice 9F: Title Investigation and Recording, includes three elements. This module addresses the first element, 9F1.

This written gift acknowledgement is annotated and was reviewed and approved by the Land Trust Accreditation Commission. The annotated version includes commentary from the Commission on specific elements required for accreditation.