Like any other benefit, unless the donor refuses the benefit up front they
"own" it. Not cashing it in does not change that. Your receipt should
treat these redemption codes as quid pro quos equal to whatever value they
represent.
John
John H. Taylor
Principal
John H. Taylor Consulting, LLC
2604 Sevier St.
Durham, NC 27705
johntaylorconsulting@gmail.com
919.816.5903 (cell/text)
Serving the Advancement Community Since 1987
On Mon, Aug 26, 2019 at 12:24 PM Courtney F. Cobb <
Courtney.Cobb@loras.edu>
wrote:
> Hello All,
>
>
>
> One of our athletic teams would like to do a fundraiser in which they give
> away items at different donation levels. They would like to do this via
> sending a redemption code for the value of the item that they could then
> use online at the team store. For example, a donation of at least $100 gets
> them a redemption code to redeem a $25 hat with free shipping. Gifts of
> $250 get a code for an item worth $50, and so on…
>
>
>
> How do we record and receipt these gifts? If the donor chooses not to use
> the code, could the full amount be a deductible donation? Or do we record
> as only the gift amount minus the value of the redemption code?
>
>
>
> Thanks for your input.
>
>
>
> Courtney
>
>
>
>
>
> [image: DbleStklogo262 874_4CBld]
> *Courtney Cobb*
>
> *Director of Advancement Services *LORAS COLLEGE
> 1450 Alta Vista St
> Dubuque, IA 52001
> 563.588.7578 | 800.245.6727
> *
courtney.cobb@loras.edu <
courtney.cobb@loras.edu>*
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