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  • 1.  Thrift store resale of goods receipt

    Posted 09-08-2023 02:36 PM

    A group of alumni collected household items that they gave to a thrift store that resells the items. The thrift store then sent the alumni a statement that included the weight of the items received, a description of the items, the payment per pound rate, and the total payment amount.  They then sent a check in this amount to the alumni who sent it to Institutional Advancement to be processed as a gift. 

    Is this a gift that should receive a regular tax receipt with no reference to goods received?  While the thrift store received goods, those goods did not come from the university. On the other hand, they would not have sent a check to the university if the alumni had not provided the goods.  Or do we say that the alumni made a gift in kind that was then sold to the thrift store?  The alumni comprise a sort of affinity group, but it's not clear that they were acting for the university in an official capacity. 



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    Jessamyn Falcone
    Temple University
    Jessamyn.Falcone@temple.edu
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  • 2.  RE: Thrift store resale of goods receipt
    Best Answer

    Posted 09-08-2023 02:48 PM
    This donor gave you cash. Not goods. And you did not donate goods that resulted in a check. One receipt to the person who wrote you a check. Unfortunately, only they are eligible to claim a deduction as you cannot verify what portion of the thrift items belonged to whom.

    On the other hand, as less than 1 out of 10 itemize these days, a deduction is likely not of interest or concern. In this case, you could record the donation on a "Various Donors" record and send a thank you note to the group.

    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






  • 3.  RE: Thrift store resale of goods receipt

    Posted 09-08-2023 03:13 PM
    Perfect!