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  • 1.  Is meeting space a good or service?

    Posted 08-19-2022 06:59 AM
    Hello,

    We got a question recently where my org is letting another org use our office to hold a meeting and the other org is offering to make a donation. Do we need to assign a value to the meeting space and note that on the gift receipt or is this just considered a donation thanking us for using the space. We don't typically rent out the space, and the donation is not required.

    Thank you!
    Annie

    ------------------------------
    Anne Pires
    Associate Director, Investor Relations
    Year Up
    apires@yearup.org
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  • 2.  RE: Is meeting space a good or service?

    Posted 08-19-2022 07:01 AM
    Good morning,

    To me, this is not a gift because it is not a tangible item that can be received.





  • 3.  RE: Is meeting space a good or service?

    Posted 08-19-2022 07:09 AM
    As long as the donation is strictly voluntary and was not a consideration for permitting the use of the space, you are clear.  The assumption is that you would have allowed them to access the space at no charge whatsoever had they asked.

    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