FundSvcs Community

 View Only

  • 1.  Brick Campaign replica

    Posted 08-03-2023 04:57 PM

    We are currently in a brick campaign using Fund Raisers Sports to manage the transactions, production, etc. A complimentary replica brick is included in the purchase price - so the University gets a brick, and the donor gets a brick to keep. On the itemized order information, the complimentary replica is listed at $0.00 and the brick is listed at $175.00. Should the value of the replica be deducted from the overall price to determine the charitable amount? If so, how is that calculated? 50/50?

    I am new to brick campaigns, so I appreciate the expertise of others! 



    ------------------------------
    Emma Bouquet
    Tarleton State University
    ebouquet@tarleton.edu
    ------------------------------


  • 2.  RE: Brick Campaign replica

    Posted 08-03-2023 05:15 PM
    You do need to calculate the value. However, as long as it has either the name or logo of the University, it can qualify as an "insubstantial benefit" - provided its value is less than $12.50. You can use the wholesale price you paid for these replicas as the value to determine if they are under this threshold.

    If the replica is estimated at more than $12.50. you must subtract what you consider the FMV from the amount paid.

    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: Brick Campaign replica

    Posted 08-04-2023 11:51 AM

    Thank you for your insight, John!



    ------------------------------
    Emma Bouquet
    Tarleton State University
    ebouquet@tarleton.edu
    ------------------------------

    Original Message


Related Content