Thank you for volunteering your services to College Bound. As a 501 (c)(3) organization College Bound is required to obtain a supporting documentation for all in-kind contributions from individuals and organizations who participate in College Bound activities. 

What is “in-kind contribution”?
In-kind contributions are an account of your time and expenses that you have contributed to College Bound. You do not necessarily have to contribute actual funds; however, if you do incur specific expenses, you can account for them on the In-Kind Contribution Form.

How do I contribute?
Here are some items that qualify for in-kind contributions:

• Contributing professional time and material resources to College Bound  Providing information to be shared with College Bound
• Conducting College Bound activities in your facility
•  Allowing your staff to work on College Bound activities

What specific expenses and activities count?

• Uncompensated professional time attributed to College Bound
• Materials, supplies donated to College Bound activities (including meetings, events and trainings)

What documentation must I submit?
In most of the cases, simply complete the In-kind Contribution Form and return it to College Bound . Some in kind contribution might require additional documentations:
- Donation of property: list of donated items with detailed description. A donor assigned value of the property must be independently verified and documented.
- Space Rental: location of rental space, purpose for which the space was used, length of rental time, rental rate charged and fair market value of the rental.
- Equipment Rental: type of rental property, purpose for which the equipment was used, length of rental time, rental rate charged and fair market value of the rental.
- Large in-kind contributions by partners (in excess of $2,000): should be accompanied by supporting documentation whenever possible (for example, invoices from the vendors paid for College Bound activities by a contributor)