FundSvcs Community

 View Only

  • 1.  Gift in Kind eligible for sponsorship benefits

    Posted 12-11-2023 09:37 AM

    A business made a gift-in-kind donation (creative/marketing services) as a sponsorship for a university-sponsored conference. The sponsorship level includes a benefit (two complimentary registrations). Is this GIK donation for a sponsorship eligible for this benefit? 

    Thank you,

    Maureen



    ------------------------------
    Maureen Aylward
    University of Mary Washington
    maylward@umw.edu
    ------------------------------


  • 2.  RE: Gift in Kind eligible for sponsorship benefits

    Posted 12-11-2023 10:02 AM
    Since the in-kind donation is not tax-deductible (services), it is not possible to issue a QPQ receipt. You will want to talk to your CFO but you likely will want to either charge them for the benefit or issue a 1099 if the benefit value is $600+.

    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


Related Content