Greetings, community!
I am currently at a loss for trying to explain and provide backup documentation for a sponsorship prospectus that a department has put together. One of the benefits listed is the "ability to host a private event" in the building. There is a caveat that they are responsible for all costs, including catering and staffing. I let them know that the use of the space is a tangible benefit that must be disclosed.
The organizers have pivoted to say that the benefit is the ability to rent the space in an attempt to not have to disclose the benefit. In this particular case, the space is not available to rent to the general public, which I believe makes it a benefit that must be disclosed. Does anyone have examples that I can point back to? The only real example that I have is the right to purchase seats at athletic events, but that has a very specific call out in the tax code.
I appreciate any help!
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Mandy Smith
Virginia Commonwealth University
mlsmith4@vcu.edu------------------------------