Thank you so much for your quick response!
------------------------------
Melissa Workman
California Baptist University
mworkman@calbaptist.edu------------------------------
Original Message:
Sent: 01-18-2024 05:54 PM
From: John Taylor
Subject: Another Gift in Kind Question
As long as the gift of property can be used in the furtherance of the mission of the organization, yes. That applies to any property gift. The donation must either be used as is or be converted to cash to support your programs.
So, yes. Tickets to sporting events can be gifts; the donor is issued a GIK receipt (no dollar amount). Of course, there is no gift if the donor specifies a recipient (individual) to receive the tickets.
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
Original Message:
Sent: 1/18/2024 6:38:00 PM
From: Melissa Workman
Subject: RE: Another Gift in Kind Question
Does the IRS approve of giving a gift in kind tax receipt for tickets to sporting events? We have a company that wants to donate some of their season tickets as a raffle prize. I didn't see anything in the IRS 526 publication.
Thank you in advance!
------------------------------
Melissa Workman
California Baptist University
mworkman@calbaptist.edu
Original Message:
Sent: 01-11-2024 01:57 PM
From: John Taylor
Subject: Another Gift in Kind Question
It's from a state entity. No government donations are counted, period.
John
John H. Taylor
Principal
John H. Taylor Consulting, LLC
2604 Sevier St.
Durham, NC 27705
919.816.5903 (cell/text)
Serving the Advancement Community Since 1987
Original Message:
Sent: 1/11/2024 2:27:00 PM
From: Denise Mattie
Subject: Another Gift in Kind Question
Dearest wealth of all wisdom,
We received a gift of second-hand lab equipment from the state crime lab. I know state grants are not counted, but is there any reason this would not be counted as a gift-in-kind?
Thank you.
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| Denise Mattie Director of Advancement Services |
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