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  • 1.  IRS Partial Interest language

    Posted 09-19-2024 08:50 AM

    Hiveminds

     

    I have spent the last 30 minutes looking for the IRS language stating the partial interest information. All I can find is something saying that it must be valued over $250 for them to take the tax credit. This business is specifically requesting in-kind receipt for their tax records. Does anyone have the IRS language available so I may share with this donor? I appreciate it.

     

     

     

    Thank you.

     

    Denise Mattie

    Director of Advancement Services

    T: 325.793.4750   |   M: 720.480.9369   |   mattie.denise@mcm.edu

    Instutional Advancement

    1 McMurry University #938

    Abilene, TX 79697

    McMurry University

    1400 Sayles Blvd.

    Abilene, TX 79605

    www.mcm.edu

       

     

     



  • 2.  RE: IRS Partial Interest language

    Posted 09-19-2024 08:53 AM
    IRS Publication 526 (2023 edition) page 9:
    image.png
    John H. Taylor, Principal
    John H. Taylor Consulting, LLC
    2604 Sevier Street
    Durham, NC     27705

    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987






  • 3.  RE: IRS Partial Interest language

    Posted 09-19-2024 09:13 AM

    Denise,

    There is an entire best practice on Partial Interest gifts along with references to IRS language and examples out on the Knowledge Base.  Here is the link.  Best Practices Library - aasp (connectedcommunity.org)

    If you can't access it, reach out to me personally and I will share it with you.

    Regards,

    Eric



    ------------------------------
    Eric Valdescaro
    Kennesaw State University
    evaldesc@kennesaw.edu
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