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  • 1.  Bingo Fundraiser

    Posted 09-05-2023 12:22 PM

    Hello,

    Students are raising money via a fundraiser open to the public so that they can afford a trip to Jamaica to help provide medical aid. There are ticket prices to enter in the game which I'm assuming cannot be considered tax-deductible as it is payment to partake in gambling. Ca any 'additional donations' be counted as charitable revenue to a donor, the 50/50 raffle total proceeds to an anonymous record as charitable revenue, and the raffle baskets values be considered GIK's?

    Thank you!

    Best,

    Jeff



    ------------------------------
    Jeffrey Goldman
    Gwynedd Mercy University
    goldman.j@gmercyu.edu
    ------------------------------


  • 2.  RE: Bingo Fundraiser

    Posted 09-05-2023 12:40 PM
    As long as the "additional donations" are going to the University and not a student group, you should be fine. However, none of the money raised through the raffle for tickets is deductible or countable - including the 50%. And since this is for a student group to benefit specific students, none of the donations for the raffle are deductible. either.

    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


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