If the only way to obtain a raffle ticket is to pay a sponsorship fee you
must use the lowest sponsorship amount as the "cost" of the raffle ticket -
thus making that lowest level entirely non-deductible and sponsorship
values above that would use the lower value as a QPQ.
Instead, why not set a separate fee/cost for the raffle ticket and make
those available for purchase? You could then give sponsors X number of
tickets based on their sponsorship level. Then, the QPQ would be the
ticket price times the number of tickets.
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, May 30, 2019 at 11:32 AM Hornbeck, Cynthia <
CHornbeck1@twu.edu>
wrote:
> Hello everyone
>
>
>
> I have been reading everything I could find on the listserv about Golf
> Tournaments and I still have some questions about the charitable amount of
> the fee. Some of the sponsorships will be getting raffle tickets for a
> door prize and I am not sure if this would cause their sponsorships to no
> longer count as a charitable gift. The only way to get a raffle ticket is
> to become a sponsor they are not being sold.
>
>
>
> The raffle is for an item with a value of about $300, they will also
> receive spots for golfers (FMV for that would be the cost of each golfer)
> and their names in the program and on the course.
>
>
>
> All the sponsorships cost more than the value of the raffle item and the
> cost of their golfers so would the difference be the charitable amount?
>
>
>
> Cindy Hornbeck
>
> Gift Processing Specialist
>
> University Advancement
>
> 940-898-3894
>
>
CHornbeck1@twu.edu
>
>
>
>
>
>
>