This is a two-part answer.
The donor purchased the tickets and accepted them. So that's an outright
payment. They are now turning around and giving you tickets that you
(ostensibly) can use for your qualified purposes. As such, that would be a
gift-in-kind, and the donor can receive a receipt describing the tickets
and the donation but leaving a dollar amount off.
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 Thu, Mar 14, 2019 at 4:20 PM Darrin Brown <
brownda@udmercy.edu> wrote:
> Asking about the use of return tickets for use by others. If a donor is
> invited to an event, they sent in a payment for the event and declined to
> attend the event but writes a note with the funding that his/her tickets
> can be used by any students to attend this same event is this a qualified
> contribution? Does the use of Goods and Services apply? Looking for
> clarity on the use of IRS publication 526.
>