FundSvcs Community

Does anyone provide disclosure of gifts or benefits given to someone in case they are a Form 700 filer? If so, could you share what your policies and best practices are for adhering to the disclosure, especially if you're unaware if they are a Form 700 filer?

For example, if someone received benefits of complimentary tickets to 1+ event(s) and had a meal within 1 calendar year and the amount may or may not meet the threshold for maximum benefit amount to be reported for Form 700, do you provide an annual written disclosure of benefits received?

Thank you!
Aimee

Does anyone provide disclosure of gifts or benefits given to someone in case they are a Form 700 filer? If so, could you share what your policies and best practices are for adhering to the disclosure, especially if you're unaware if they are a Form 700 filer?

For example, if someone received benefits of complimentary tickets to 1+ event(s) and had a meal within 1 calendar year and the amount may or may not meet the threshold for maximum benefit amount to be reported for Form 700, do you provide an annual written disclosure of benefits received?

Thank you!
Aimee

Hi John,

In this case, the person who may receive the complimentary ticket is a prospective donor who has not given nor is obligated to. Are there substantiation regulations that require the disclosure of the benefits and the value of those benefits received when someone is not a donor?

Does anyone provide disclosure of gifts or benefits given to someone in case they are a Form 700 filer? If so, could you share what your policies and best practices are for adhering to the disclosure, especially if you're unaware if they are a Form 700 filer?

For example, if someone received benefits of complimentary tickets to 1+ event(s) and had a meal within 1 calendar year and the amount may or may not meet the threshold for maximum benefit amount to be reported for Form 700, do you provide an annual written disclosure of benefits received?

Thank you!
Aimee

Hi John,

In this case, the person who may receive the complimentary ticket is a prospective donor who has not given nor is obligated to. Are there substantiation regulations that require the disclosure of the benefits and the value of those benefits received when someone is not a donor?

Does anyone provide disclosure of gifts or benefits given to someone in case they are a Form 700 filer? If so, could you share what your policies and best practices are for adhering to the disclosure, especially if you're unaware if they are a Form 700 filer?

For example, if someone received benefits of complimentary tickets to 1+ event(s) and had a meal within 1 calendar year and the amount may or may not meet the threshold for maximum benefit amount to be reported for Form 700, do you provide an annual written disclosure of benefits received?

Thank you!
Aimee