Thank you for partnering with College Bound. Your continued support is critical to empowering our 200+ students. Although the District of
Columbia currently has a 61% high school graduation rate, College Bound has consistently maintained a 100% graduation rate and a 98% college enrollment rate. This is a direct reflection of you, and people like you, who donate their resources and time.
As a 501 (c) (3) organization, College Bound is required to obtain supporting documentation for all in-kind contributions from individuals and organizations who participate in College Bound activities. 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 will be able to account for them. We are requesting that you complete the attached In-Kind Contribution Form acknowledging your in-kind contributions to College Bound.
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:
What specific expenses and activities count?
What documentation must I submit?
Columbia currently has a 61% high school graduation rate, College Bound has consistently maintained a 100% graduation rate and a 98% college enrollment rate. This is a direct reflection of you, and people like you, who donate their resources and time.
As a 501 (c) (3) organization, College Bound is required to obtain supporting documentation for all in-kind contributions from individuals and organizations who participate in College Bound activities. 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 will be able to account for them. We are requesting that you complete the attached In-Kind Contribution Form acknowledging your in-kind contributions to College Bound.
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 completed In-kind Contribution Form below 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)