FundSvcs Community

 View Only
  • 1.  In Kind

    Posted 09-11-2023 01:55 PM

    Hello,

    A motivational speaker is speaking for a reduced fee at a conference my organization is putting on. My understanding is that this is not a tax deductible in-kind gift, however they have asked us to fill out and in-kind donation receipt form which states a dollar value for the donated speaker services. Is this something we should be filling out and signing?

    Thank you,

    Annie



    ------------------------------
    Anne Pires
    Year Up
    apires@yearup.org
    ------------------------------


  • 2.  RE: In Kind

    Posted 09-11-2023 02:22 PM
    Do not fill out or sign. This is a service donation and not a tax-deductible gift. You can thank them for the fee reduction but not mention an amount or the fact it is a "gift."

    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






  • 3.  RE: In Kind

    Posted 09-11-2023 06:54 PM

    Hello,

    A golf course business is offering free access to use the course and driving range for a specific number of times per/week and month in addition to gift cards for the business.  This is a sponsorship with signage and other promotion benefits.  Is there any portion of this that can be counted as a gift in kind?  Can you also point me to any documentation that supports your reasoning?

    Thank you,  



    ------------------------------
    Melissa Workman
    California Baptist University
    mworkman@calbaptist.edu
    ------------------------------



  • 4.  RE: In Kind

    Posted 09-11-2023 06:58 PM
    No gift. The donor is giving you free use of their facilities. This is called "partial interest" in IRS lingo and is described in IRS Publication 526.

    This is certainly something worthy of donor recognition - but is not a deductible or countable gift.

    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







  • 5.  RE: In Kind

    Posted 09-12-2023 11:25 AM

    Great, thank you for the clarification and the reference material.  Does this also apply to the gift cards that they are offering?  These could be redeemed for merchandise in their store.

    Thank you, 



    ------------------------------
    Melissa Workman
    California Baptist University
    mworkman@calbaptist.edu
    ------------------------------



  • 6.  RE: In Kind

    Posted 09-12-2023 11:49 AM
    What are the gift cards? Who gets them? How do they get them?

    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







  • 7.  RE: In Kind

    Posted 09-12-2023 12:19 PM

    Per the fundraiser, "During the men's and women's basketball games, a "fan of the game" is chosen.  That fan receives a gift card to purchase 2 foursomes at the Golf Course." 

    With this clarification it's my understanding that this still falls under the "partial interest" category, correct?

    Thank you, 



    ------------------------------
    Melissa Workman
    California Baptist University
    mworkman@calbaptist.edu
    ------------------------------



  • 8.  RE: In Kind

    Posted 09-12-2023 12:21 PM
    Yes, you are correct. But this is also a game of chance (raffleesque) and probably requires registration with the State.

    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