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  • 1.  2025 IRS token item, etc. amounts

    Posted 10-11-2024 10:35 AM

    Happy Friday!

     

    I've searched for the answer but have come up empty; has the IRS released the 2025 insubstantial benefit amount? Sorry, I may not be asking the right question but this is what I am referring to:

     

     

     

     

    Thank you!

    Amanda

     

     

    Amanda L. Haney

    Director of Gift & Data Management

    Gift & Data Management

     

     

    University Advancement I Elliott Alumni Center I 9 Edgewood Rd I Durham, NH 03824

    Office: 603-862-2041 I amanda.haney@unh.edu

     

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  • 2.  RE: 2025 IRS token item, etc. amounts

    Posted 10-11-2024 10:51 AM
    No, they have not. And I promise to publish them as soon as I receive the notice from the IRS.

    It is a bit early for the IRS to send out these updates. Last year it was on November 9. The year before was in mid-October but the previous year it was in early November.

    You are good to be looking! But it might be another month or so. It also might be next week :-).

    John

    John H. Taylor, Principal
    John H. Taylor Consulting, LLC
    2604 Sevier Street
    Durham, NC     27705

    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987






  • 3.  RE: 2025 IRS token item, etc. amounts

    Posted 10-16-2024 03:25 PM

    This was a good reminder to me and I sent out reminders to my team about it.

    One of our fundraisers believes that these gift restrictions don't apply to giving circles, where if someone donates $1,000 they join the giving circle. John, is there anything to back that idea up? 



    ------------------------------
    Leslie Proudfoot
    GRID Alternatives
    lproudfoot@gridalternatives.org
    ------------------------------

    Original Message


  • 4.  RE: 2025 IRS token item, etc. amounts

    Posted 10-16-2024 03:59 PM
    No basis for that claim. The rules apply to any gift that results in a benefit.

    John

    John H. Taylor
    919.816.5903 (Cell/Text)

    Big Ideas - Small Keyboard



    Original Message


  • 5.  RE: 2025 IRS token item, etc. amounts

    Posted 10-16-2024 04:06 PM
    Of course at $1,000 you can provide benefits valued at under $20 (cumulative). Although DAF and private foundation donors can only EVER receive token benefits.

    John H. Taylor
    919.816.5903 (Cell/Text)

    Big Ideas - Small Keyboard





  • 6.  RE: 2025 IRS token item, etc. amounts

    Posted 10-18-2024 03:53 PM

    I figured but thanks for confirming.

    Yes and thank you for the reminder that DAF and private donation donors can only ever receive token benefits. 



    ------------------------------
    Leslie Proudfoot
    GRID Alternatives
    lproudfoot@gridalternatives.org
    ------------------------------

    Original Message


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