FundSvcs Community

Good morning, Fundsvcs Community!

We had a donor who generously hosted an event at his home on behalf of our organization last month, paid for valet services and catering, and is hoping to receive in-kind credit for the covered expenses.  While we plan to offer to reimburse the donor for the expenses, and he donates a cash equivalent back as "Plan A," I'm hoping to find a potential "Plan B" in treating this as an in-kind should that option not end up being feasible for any reason.  There was no cost associated with attendance, so no QPQ in terms of ticket sales.  A couple of questions:

1. Given that the host also benefitted from the catering provided at the event, will we need to consider a portion of this as a good/service received?
2. The valet service was a flat fee for the evening. It was also not a donated service from the valet company, but rather the cost of the service was covered by the host.  Any issues in treating the value of the valet service (invoiced amount) as an in-kind gift?

Of course, no amount will be provided on the receipt to the donor.  We just want to ensure it can all be considered a charitable in-kind contribution.

Any/all thoughts and recommendations are appreciated!

Thank you,
Taylor

Good morning, Fundsvcs Community!

We had a donor who generously hosted an event at his home on behalf of our organization last month, paid for valet services and catering, and is hoping to receive in-kind credit for the covered expenses.  While we plan to offer to reimburse the donor for the expenses, and he donates a cash equivalent back as "Plan A," I'm hoping to find a potential "Plan B" in treating this as an in-kind should that option not end up being feasible for any reason.  There was no cost associated with attendance, so no QPQ in terms of ticket sales.  A couple of questions:

1. Given that the host also benefitted from the catering provided at the event, will we need to consider a portion of this as a good/service received?
2. The valet service was a flat fee for the evening. It was also not a donated service from the valet company, but rather the cost of the service was covered by the host.  Any issues in treating the value of the valet service (invoiced amount) as an in-kind gift?

Of course, no amount will be provided on the receipt to the donor.  We just want to ensure it can all be considered a charitable in-kind contribution.

Any/all thoughts and recommendations are appreciated!

Thank you,
Taylor

Thanks so much, John!  To clarify further, will we need to reduce the value of the charitable contribution based on what the average cost per person is, similar to a ticket purchase?

Good morning, Fundsvcs Community!

We had a donor who generously hosted an event at his home on behalf of our organization last month, paid for valet services and catering, and is hoping to receive in-kind credit for the covered expenses.  While we plan to offer to reimburse the donor for the expenses, and he donates a cash equivalent back as "Plan A," I'm hoping to find a potential "Plan B" in treating this as an in-kind should that option not end up being feasible for any reason.  There was no cost associated with attendance, so no QPQ in terms of ticket sales.  A couple of questions:

1. Given that the host also benefitted from the catering provided at the event, will we need to consider a portion of this as a good/service received?
2. The valet service was a flat fee for the evening. It was also not a donated service from the valet company, but rather the cost of the service was covered by the host.  Any issues in treating the value of the valet service (invoiced amount) as an in-kind gift?

Of course, no amount will be provided on the receipt to the donor.  We just want to ensure it can all be considered a charitable in-kind contribution.

Any/all thoughts and recommendations are appreciated!

Thank you,
Taylor

Thanks so much, John!  To clarify further, will we need to reduce the value of the charitable contribution based on what the average cost per person is, similar to a ticket purchase?

Good morning, Fundsvcs Community!

We had a donor who generously hosted an event at his home on behalf of our organization last month, paid for valet services and catering, and is hoping to receive in-kind credit for the covered expenses.  While we plan to offer to reimburse the donor for the expenses, and he donates a cash equivalent back as "Plan A," I'm hoping to find a potential "Plan B" in treating this as an in-kind should that option not end up being feasible for any reason.  There was no cost associated with attendance, so no QPQ in terms of ticket sales.  A couple of questions:

1. Given that the host also benefitted from the catering provided at the event, will we need to consider a portion of this as a good/service received?
2. The valet service was a flat fee for the evening. It was also not a donated service from the valet company, but rather the cost of the service was covered by the host.  Any issues in treating the value of the valet service (invoiced amount) as an in-kind gift?

Of course, no amount will be provided on the receipt to the donor.  We just want to ensure it can all be considered a charitable in-kind contribution.

Any/all thoughts and recommendations are appreciated!

Thank you,
Taylor