Below is the template language for an in-kind gift acknowledgement letter to be used with proper business letter formatting on letterhead.
Dear NAME,
It’s my pleasure to thank you for your recent gift of GIFT-IN-KIND to DEPARTMENT OR PROGRAM. We truly appreciate your generosity to Portland State University and your commitment to higher education. (As specified by federal tax laws, we certify that you have received no economic benefit as a result of this gift.)
Support such as yours plays a crucial role in sustaining PSU as an model urban university dedicated to scholarship and education programs that meet the diverse needs of citizens in our region and address real community issues and concerns. Your thoughtful contribution helps us to create an environment in which students and faculty can do their best work.
Thank you again for investing in a better community through Portland State University.
Sincerely,
NAME
TITLE