I have what I think to be the answer but want to double check myself here. We have a Unit that is doing a gala. For table sponsorships, we have figured out what the FMV is for the different benefits. Now the unit is saying that the larger sponsors are waiving their benefits and they're asking us to adjust the benefit amount accordingly. My gut is saying that it doesn't matter if they waive the benefits because they have the opportunity for them. Am I correct? Or are we allowed to reduce the benefit amount because the sponsor is, say, waiving valet parking?
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Jessica Baker
Director, Data Quality, Gift Processing, Strategy
University of Texas at Austin
jbaker@austin.utexas.edu------------------------------