Correct on all counts. Do remember, too, that anyone who wins something
valued at $600 or more will have to be issued a 1099 and pay taxes on the
value of their winnings.
John
John H. Taylor
Principal, John H. Taylor Consulting
2604 Sevier St.
Durham, NC 27705
johntaylorconsulting@gmail.com
919.816.5903 (cell/text)
Serving the Advancement Community Since 1987
On Wed, Jan 23, 2019 at 4:06 PM Monica Derozan <
mderozan@lsufoundation.org>
wrote:
> Thanks John! The fee to participate in one of the contests is no more
> than $20.00. Just to be sure I’m clear, this amount will be all
> non-charitable, correct? If the player wins one of the contests, the
> portion of his initial registration donation will remain charitable,
> correct?
>
>
>
> Thanks for your help with this!
>
>
>
> Monica Derozan, MBA, MPA
>
> *Gift Processing Manager *
>
> 3796 Nicholson Drive
>
> Baton Rouge, LA 70802
>
> Office Phone: 225-578-5895
>
> Toll Free: 1-800-452-7928
>
> Fax: 225-578-0530
>
> Email:
mderozan@lsufoundation.org
>
>
>
>
>
> The LSU Foundation inspires and shepherds philanthropic giving to LSU and
> builds long-lasting relationships with donors who bring life to current and
> emerging university priorities. We support LSU in its quest to enhance the
> student experience, provide working capital to recruit and retain
> world-class faculty and staff, support life-changing research, and drive
> economic development. We are dedicated to stewarding each gift to maximize
> donors’ impact on making LSU one of the best universities in the world.
>
>
>
> Information contained in this message, including data and materials
> attached to this message, is intended only for the personal and
> confidential use of the intended recipient(s). Financial and donor
> information provided in or attached to this message is the confidential and
> proprietary information of the LSU Foundation and is provided subject to
> the following conditions: (1) financial or donor information is intended
> for use only by the intended recipient and may not be disclosed or
> otherwise provided to third-parties without the express written consent of
> the LSU Foundation; and (2) use of this message and any financial or donor
> information is subject to the terms of the TAILS Confidentiality Policy and
> the LSU Foundation Privacy Policy. If the reader of this message is not
> the intended recipient or agent responsible for delivering it to the
> intended recipient, you are hereby notified that you have received this
> document in error and that any review, dissemination, distribution, or
> copying of this message is strictly prohibited. If you have received this
> communication in error, please notify us immediately by e-mail, and delete
> the original message.
>
>
>
> *From:* Advancement Services Discussion List <
>
FUNDSVCS@LISTSERV.FUNDSVCS.ORG> *On Behalf Of *John Taylor
> *Sent:* Wednesday, January 23, 2019 1:39 PM
> *To:*
FUNDSVCS@LISTSERV.FUNDSVCS.ORG
> *Subject:* Re: [FUNDSVCS] Golf Tournament Contest Charitable Credit
>
>
>
> Not if the purchases were "above and beyond." Those clearly are not
> deductible but the initial fee - less the fair market value of every
> benefit received - would remain a gift.
>
>
>
> John
>
>
>
> John H. Taylor
>
> Principal, John H. Taylor Consulting
>
> 2604 Sevier St.
>
> Durham, NC 27705
>
>
johntaylorconsulting@gmail.com
>
> 919.816.5903 (cell/text)
>
>
>
> Serving the Advancement Community Since 1987
>
>
>
>
>
> On Wed, Jan 23, 2019 at 2:32 PM Monica Derozan <
mderozan@lsufoundation.org>
> wrote:
>
> Hi,
>
>
>
> One of the units at the university is hosting a golf tournament. At the
> tournament, participants can make purchases to participate in golfing
> contests to win prizes, in addition to their registration donations. These
> prizes consist of a new car, a kayak, and gift cards. A portion of their
> registration donation is charitable, depending on the players’ level of
> participation. If a player enters in one of the contests would this negate
> the charitable portion of their registration donation?
>
>
>
> Thanks,
>
>
>
> Monica Derozan, MBA, MPA
>
> *Gift Processing Manager *
>
> 3796 Nicholson Drive
>
> Baton Rouge, LA 70802
>
> Office Phone: 225-578-5895
>
> Toll Free: 1-800-452-7928
>
> Fax: 225-578-0530
>
> Email:
mderozan@lsufoundation.org
>
>
>
>
>
> The LSU Foundation inspires and shepherds philanthropic giving to LSU and
> builds long-lasting relationships with donors who bring life to current and
> emerging university priorities. We support LSU in its quest to enhance the
> student experience, provide working capital to recruit and retain
> world-class faculty and staff, support life-changing research, and drive
> economic development. We are dedicated to stewarding each gift to maximize
> donors’ impact on making LSU one of the best universities in the world.
>
>
>
> Information contained in this message, including data and materials
> attached to this message, is intended only for the personal and
> confidential use of the intended recipient(s). Financial and donor
> information provided in or attached to this message is the confidential and
> proprietary information of the LSU Foundation and is provided subject to
> the following conditions: (1) financial or donor information is intended
> for use only by the intended recipient and may not be disclosed or
> otherwise provided to third-parties without the express written consent of
> the LSU Foundation; and (2) use of this message and any financial or donor
> information is subject to the terms of the TAILS Confidentiality Policy and
> the LSU Foundation Privacy Policy. If the reader of this message is not
> the intended recipient or agent responsible for delivering it to the
> intended recipient, you are hereby notified that you have received this
> document in error and that any review, dissemination, distribution, or
> copying of this message is strictly prohibited. If you have received this
> communication in error, please notify us immediately by e-mail, and delete
> the original message.
>
>
>
>