FundSvcs Community

This sounds like something built into your tax regulations. This does not sound like anything from the IRS. It would help to have the entire reference for the donor quote but if changing one word makes them happy I'd be inclined to change the word! 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 Tue, Jun 18, 2019 at 10:43 AM Farida Ahmed < 00000007855b2d24-dmarc-request@listserv.fundsvcs.org> wrote: > Dear All > > A donor today requested that we change our gift agreement to read donation > agreement, according to them > > The Tax Benefits of *Gifts* Vs. *Donations*. ... While *donations* to > nonprofit charitable organizations are tax-deductible, a *gift* does not > give the issuer (KEED) *any* tax benefit. > > Please let me know your thoughts > > Regards > Farida > > >

Interesting. I don’t suppose that they referenced a source? As far as I know, the tax code actually used the term “charitable contribution.” My US$0.02 worth; the usual disclaimers apply. Good luck! Alan Alan S. Hejnal Data Quality Manager Smithsonian Institution - Office of Advancement 600 Maryland Avenue SW, Suite 600E P.O. Box 37012, MRC 527 Washington, DC 20013-7012 •: 202-633-8754 | •: HejnalA@si.edu<mailto:HejnalA@si.edu> [SNAGHTML5cbfa34]<https://www.si.edu/> [AASP_FundSvcs_LOGO-01(040pct)(mark)] From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Farida Ahmed Sent: Tuesday, June 18, 2019 10:43 AM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] Gift Agreement Vs Donation Agreement Dear All A donor today requested that we change our gift agreement to read donation agreement, according to them The Tax Benefits of Gifts Vs. Donations. ... While donations to nonprofit charitable organizations are tax-deductible, a gift does not give the issuer (KEED) any tax benefit. Please let me know your thoughts Regards Farida

Dear All A donor today requested that we change our gift agreement to read donation agreement, according to them The Tax Benefits of *Gifts* Vs. *Donations*. ... While *donations* to nonprofit charitable organizations are tax-deductible, a *gift* does not give the issuer (KEED) *any* tax benefit. Please let me know your thoughts Regards Farida