Thanks, John. I'm a little confused. The third-party is not acting as our agent. They are hosting a third-party event and have completed our third-party application form. I'm just wondering about receipting. To my knowledge, the event will be a dinner so would be (QPQ). If the donors attending write checks payable directly to us are we able to issue tax receipts (providing we know value of dinner)?
If donors write checks directly to the third-party and they send lump sum check to us, do we receipt him? I wouldn't think so since he was not the sole donor and goods/services were part of the donation amount.
Thanks again.
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Dena Toth
Medical University of South Carolina Foundation
tothd@musc.edu------------------------------
Original Message:
Sent: 03-15-2024 09:31 AM
From: John Taylor
Subject: Third-Party Events-Receipting
You cannot issue receipts if the gifts were not your doing. Talk to Counsel about retroactively certifying the third-party as an agent. But they have already violated trademark and use of likeness rules. Instead, they should be issued a cease and desist letter.
As for recording the gifts, your best bet is to enter them into a "Various Donors" record and not issue any receipts.
John
John H. Taylor, PrincipalJohn H. Taylor Consulting, LLC
2604 Sevier Street
Durham, NC 27705
919.816.5903 (cell/text)
Serving the Advancement Community Since 1987
Original Message:
Sent: 3/15/2024 10:23:00 AM
From: Dena Toth
Subject: Third-Party Events-Receipting
For third party events with no involvement from our organization:
- If checks are made payable to our organization, can we issue tax receipts? If so, how do we manage any Quid Pro Quo receipting?
- If lump sum check is sent from third-party fundraiser, does that org/individual receive a tax receipt for the full amount from our organization? If so, what if goods/services were provided to attendees?
Thank you!
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Dena Toth
Medical University of South Carolina Foundation
tothd@musc.edu
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