Any contribution must be supported by a signed statement from the child care center or donee organization and furnished to the donor. The statement must state the amount of a cash contribution. In the case of an in-kind contribution, the statement must include a listing of the items contributed and the fair market value of each item. It will be the responsibility of the donee organization to prove that the percentage of the contribution reported as utilized for purposes directly related to promoting child care is accurate and no portion has been expended on any other organizational expense or purpose. The statement must be provided by the donor to the Department of Revenue upon request.
Person related to the taxpayer means a person connected with another by blood or marriage.
An in-kind contribution is any contribution of an asset other than the official currency of the U.S. government. An in-kind contribution's value will not be a set amount, but will vary based on fair market value or current exchange rates. Examples include employee labor, materials, computer equipment, gold or stock.