FundSvcs Community

Thought 1. It's always the value to the recipient regardless of the organization cost. 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 Mon, May 6, 2019 at 3:27 PM Anna Wilk < 0000000db8c39c8e-dmarc-request@listserv.fundsvcs.org> wrote: > Hi all, > > We are having a golf outing come up and for simplicity they receive, > breakfast, lunch, dinner, and a round of golf. A different donor pays to > sponsor breakfast, would the individual FMV to each golfer include or > exclude breakfast? > > Thought 1.. Doesn't matter who paid for breakfast the golfer is receiving > the good and services so you would include that as part of the cost and > goods and services. > > Thought 2... Since the breakfast was donated the cost of goods and > services would be excluded from the total cost of goods and services per > registration. > > Any advice is helpful. > Thanks, > Anna >

Hi all, We are having a golf outing come up and for simplicity they receive, breakfast, lunch, dinner, and a round of golf.  A different donor pays to sponsor breakfast, would the individual FMV to each golfer include or exclude breakfast? Thought 1.. Doesn't matter who paid for breakfast the golfer is receiving the good and services so you would include that as part of the cost and goods and services. Thought 2... Since the breakfast was donated the cost of goods and services would be excluded from the total cost of goods and services per registration.  Any advice is helpful.Thanks,Anna

Anna – You’d want to go with Thought #1. It doesn’t matter who paid for what…it matters what kind of value the donor received. Michael Halverson, Ed.D. Senior Director of Advancement Services Loyola University Chicago T. 312-915-7283 | C. 320-363-4987<tel:320-363-4987> mhalverson@luc.edu<mailto:mhalverson@luc.edu> | www.luc.edu/advancement<http://www.luc.edu/advancement> From: Advancement Services Discussion List [mailto:FUNDSVCS@LISTSERV.FUNDSVCS.ORG] On Behalf Of Anna Wilk Sent: Monday, May 06, 2019 2:27 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] Cost of Goods and Services-what if a service/good was donated? Hi all, We are having a golf outing come up and for simplicity they receive, breakfast, lunch, dinner, and a round of golf. A different donor pays to sponsor breakfast, would the individual FMV to each golfer include or exclude breakfast? Thought 1.. Doesn't matter who paid for breakfast the golfer is receiving the good and services so you would include that as part of the cost and goods and services. Thought 2... Since the breakfast was donated the cost of goods and services would be excluded from the total cost of goods and services per registration. Any advice is helpful. Thanks, Anna