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  • 1.  Value of a benefit

    Posted 12-31-2024 11:06 AM

    Good day and happy holidays, y'all.

    I tried to answer this question by looking through the archives but, frankly, wore myself out searching.  At my org, donors at certain levels receive annual passes. We know we have to detail this as a goods and services benefit on tax receipts.  We learned today that the ticket type we use as our basis is going up in price in 2025.

    My question is: do we value the benefit at our internal cost (we are charged by the ticket side of our org) or do we use the retail value?  There is an approximately $15 difference in value between the two.

    TIA for your insight.

    Kristin



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    Kristin Richardson
    Colonial Williamsburg Foundation
    krichards1@cwf.org
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  • 2.  RE: Value of a benefit

    Posted 12-31-2024 11:14 AM
    It is always the retail value (what a willing buyer would pay a willing seller), except for token (lapel pins, bumper stickers, and other items with your name or logo) benefits cumulatively valued below $13.60. Those can be valued at wholesale, but only when the donor makes the minimum qualifying contribution ($68).

    John

    John H. Taylor, Principal
    John H. Taylor Consulting, LLC
    2604 Sevier Street
    Durham, NC     27705

    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987




    Original Message


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