FundSvcs Community

How about Thursday, March 14th at 9 am? Karen On Tue, Mar 5, 2019 at 3:39 PM Forrest, Aaron <aaron.forrest@rochester.edu> wrote: > Whoah! > > > > Aaron > > > > Aaron Forrest CPA > > Senior Director Gift and Donor Services > > University of Rochester Office of Advancement > > Larry and Cindy Bloch Alumni and Advancement Center > > 300 East River Road > > Rochester NY 14627 > > Office 585.275.2799 / Fax 585-273-4558 > > Email aaron.forrest@rochester.edu > > > > [image: Description: Description: Description: > cid:image001.gif@01C92E92.3629C5E0] <http://www.rochester.edu/> > > P Please consider the environment before printing this email. > > Confidentiality Notice: This message, including attachments may contain > confidential information. Any unauthorized use, disclosure or distribution > is prohibited. > > > > *From:* Advancement Services Discussion List < > FUNDSVCS@LISTSERV.FUNDSVCS.ORG> *On Behalf Of *Greenbaum, Josh S > *Sent:* Tuesday, March 5, 2019 4:41 PM > *To:* FUNDSVCS@LISTSERV.FUNDSVCS.ORG > *Subject:* [FUNDSVCS] Sales Tax on Associated Gift Benefits > > > > Hi, > > > > Our general counsel informed me yesterday that there is a good likelihood > that the Georgia Dept of Revenue is going to rule that non-charitable > benefits associated with fundraising events will be subject to state and > any local sales taxes. In other words, if someone pays $500 to go to a > dinner event and the FMV of the benefits (food, etc.) is $75, then the $75 > will be subject to sales tax. We would be unable to eat this expense as a > cost of doing business and would need the donors to pay it upfront when > they purchase tickets. > > > > Is anyone else in a city or state that requires this? I’m especially > interested in how it is presented to donors/attendees as well as how you > book the transactions in your CRM (do you book the entire thing or just net > of taxes?). Thank you. > > > > -Josh > > > > *_____________________* > > *Joshua S. Greenbaum 09B, Executive Director* > > *Advancement Information Services* > > Emory University, Advancement & Alumni Engagement > > 1762 Clifton Road, Office 1456, Atlanta, GA 30322 > > Office: (404) 712-2020, Fax: (404) 727-4876 > > josh.greenbaum@emory.edu > > > > > ------------------------------ > > > This e-mail message (including any attachments) is for the sole use of > the intended recipient(s) and may contain confidential and privileged > information. If the reader of this message is not the intended > recipient, you are hereby notified that any dissemination, distribution > or copying of this message (including any attachments) is strictly > prohibited. > > If you have received this message in error, please contact > the sender by reply e-mail message and destroy all copies of the > original message (including attachments). > -- *Karen Simmons Lozow**Director of Development* 4400 E. Iliff Ave. Denver, CO 80222 303-777-5870 ext. 218 klozow@denveracademy.org www.denveracademy.org <http://www.denveracademy.org> *I donate to the DA Annual Fund. Please join me! Donate now <http://www.denveracademy.org/give>*

Hi, Our general counsel informed me yesterday that there is a good likelihood that the Georgia Dept of Revenue is going to rule that non-charitable benefits associated with fundraising events will be subject to state and any local sales taxes. In other words, if someone pays $500 to go to a dinner event and the FMV of the benefits (food, etc.) is $75, then the $75 will be subject to sales tax. We would be unable to eat this expense as a cost of doing business and would need the donors to pay it upfront when they purchase tickets. Is anyone else in a city or state that requires this? I'm especially interested in how it is presented to donors/attendees as well as how you book the transactions in your CRM (do you book the entire thing or just net of taxes?). Thank you. -Josh _____________________ Joshua S. Greenbaum 09B, Executive Director Advancement Information Services Emory University, Advancement & Alumni Engagement 1762 Clifton Road, Office 1456, Atlanta, GA 30322 Office: (404) 712-2020, Fax: (404) 727-4876 josh.greenbaum@emory.edu<mailto:josh.greenbaum@emory.edu> ________________________________ This e-mail message (including any attachments) is for the sole use of the intended recipient(s) and may contain confidential and privileged information. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this message (including any attachments) is strictly prohibited. If you have received this message in error, please contact the sender by reply e-mail message and destroy all copies of the original message (including attachments).

Whoah! Aaron Aaron Forrest CPA Senior Director Gift and Donor Services University of Rochester Office of Advancement Larry and Cindy Bloch Alumni and Advancement Center 300 East River Road Rochester NY 14627 Office 585.275.2799 / Fax 585-273-4558 Email aaron.forrest@rochester.edu [Description: Description: Description: cid:image001.gif@01C92E92.3629C5E0] <http://www.rochester.edu/> P Please consider the environment before printing this email. Confidentiality Notice: This message, including attachments may contain confidential information. Any unauthorized use, disclosure or distribution is prohibited. From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Greenbaum, Josh S Sent: Tuesday, March 5, 2019 4:41 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] Sales Tax on Associated Gift Benefits Hi, Our general counsel informed me yesterday that there is a good likelihood that the Georgia Dept of Revenue is going to rule that non-charitable benefits associated with fundraising events will be subject to state and any local sales taxes. In other words, if someone pays $500 to go to a dinner event and the FMV of the benefits (food, etc.) is $75, then the $75 will be subject to sales tax. We would be unable to eat this expense as a cost of doing business and would need the donors to pay it upfront when they purchase tickets. Is anyone else in a city or state that requires this? I'm especially interested in how it is presented to donors/attendees as well as how you book the transactions in your CRM (do you book the entire thing or just net of taxes?). Thank you. -Josh _____________________ Joshua S. Greenbaum 09B, Executive Director Advancement Information Services Emory University, Advancement & Alumni Engagement 1762 Clifton Road, Office 1456, Atlanta, GA 30322 Office: (404) 712-2020, Fax: (404) 727-4876 josh.greenbaum@emory.edu<mailto:josh.greenbaum@emory.edu> ________________________________ This e-mail message (including any attachments) is for the sole use of the intended recipient(s) and may contain confidential and privileged information. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this message (including any attachments) is strictly prohibited. If you have received this message in error, please contact the sender by reply e-mail message and destroy all copies of the original message (including attachments).