FundSvcs Community

 View Only
  • 1.  Donor Purchased Ad Space: GIK?

    Posted 06-08-2023 09:50 AM

    One of our donors purchased an event listing in a relevant publication on our behalf. He would like an acknowledgement from us for tax documentation. He provided an invoice and a copy of the publication for documentation purposes. GIK or not?

    Thank you!



    ------------------------------
    Kim Jefferies
    Texas A&M University-Commerce Foundation
    kim.jefferies@tamuc.edu
    ------------------------------


  • 2.  RE: Donor Purchased Ad Space: GIK?

    Posted 06-08-2023 09:55 AM
    Since he is not providing the space, but giving you his full interest in the space, a GIK can be acknowledged. However, no mention of a dollar value can be on the receipt. Only the name of the publication, the size of the space, and probably a mention of whether it was a full color or B/W copy.

    John 

    John H. Taylor 
    919.816.5903 (Cell/Text)

    Big Ideas; Small Keyboard





  • 3.  RE: Donor Purchased Ad Space: GIK?

    Posted 06-08-2023 10:02 AM

    "giving you his full interest in the space"...that's what I was looking for. Thank you so much!



    ------------------------------
    Kim Jefferies
    Texas A&M University-Commerce Foundation
    kim.jefferies@tamuc.edu
    ------------------------------