What amounts go to the gift fund?
The following amounts must be credited to the gift fund: • all gifts of money or property made for the principal purpose – includes testamentary gifts (gifts made under a will), gifts that are not tax deductible for the donor and distributions from other charities or DGRs, if made for the principal purpose • the whole amount of deductible contributions made to a fundraising event staged to raise funds for the principal purpose, and • money received because of these gifts and deductible contributions, including proceeds from the sale of gifted property, and investment returns from gifted money or property that continues to be part of the gift fund.
