Is there a minimum fair market value that doesn't need to be reported on a tax receipt? We have a third party group who is hosting a fundraiser. At their fundraiser, if a donor makes a gift of $10, he/she will receive a small gift bag. We are awaiting the FMV from the third party group, but in the interim, I was wondering if there was a situation where noting it on a tax receipt would not be required.
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Nicole Troy
IU Health Foundation
ntroy@iuhealth.org------------------------------