All donations should be documented with a donation letter. It should list the item(s) and value(s) and show a donation to Texas A&M Engineering Experiment Station. An example can be provided by the Property Office.
It is our standard practice to acknowledge non-cash donations exceeding $5,000 through the completion of IRS Form 8283. Donations should be valued at the donor’s cost which would not include any mark up for profit. A copy of cost sheet (if created), invoice (if newly purchased), or appraisal of asset is required.
Additional forms, such as the TFO Form 7810 and TFO Form 7864, may be required from the department the donation is being gifted if the item(s) meet our inventory thresholds.