Hi all,
Someone close to our school owns an art gallery/event space and has offered the use of that space by our school, free of charge, for meetings/events, etc. We haven't utilized the space yet but I just learned from a meeting he had recently with a colleauge that he is expecting to be "credited" for the free gift/use/rental and be reflected on receipts as tax donations". My understanding, based on another post that I found, is the use of that space would be considered a service under IRS Publication 526 and not tax deductible.
I wanted to make sure my understanding is correct and be 100% confident in my response since I fully expect push-back. As always thanks for your valuable feedback and expertise!
Kate
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Kate Lynch
Concord Academy
kate_lynch@concordacademy.org------------------------------