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  • 1.  Require a Gift to Attend an Event

    Posted 08-09-2023 10:12 AM

    Good Morning,

    For a private event can a gift be a requirement to attend. For example, we are going to have an event that only certain folks will be getting invited to and they want to make a $1,000 gift a requirement for attendance. The event will be cigars and bourbon with the coach and president.

    Could they break this up to have a portion be a registration fee maybe $10 and the rest be the gift if it falls within the benefit rules.

    Thanks

    Liz



    ------------------------------
    Liz Arizpe
    Valparaiso University
    liz.arizpe@valpo.edu
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  • 2.  RE: Require a Gift to Attend an Event

    Posted 08-09-2023 10:16 AM
    You will want to involve counsel. Establishing a minimum cost to attend creates a FMV equal to that amount. You will need to be creative - and legal.

    Further, the QPQ value is going to be much higher than $10 for bourbon and cigars.

    Further, donors will need to make personal gifts - no DAF or private foundation payments!

    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


  • 3.  RE: Require a Gift to Attend an Event

    Posted 08-09-2023 10:34 AM
    Thanks John. The $10 was only an example. 

    Liz




    Original Message


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