[grc] Fundraising Q--can a 501(c)3 nonprofit station offer in-kind deduction to "talent"?

[Paul Bame]

How about paying the talent, with an understanding that they'll make a
donation of a very similar amount :-)


Paul (pablito) Bame
Prometheus Radio Project <http://prometheusradio.org/>, Engineering Director
215.727.9620 x505
N0KCL/3



On Tue, Dec 5, 2017 at 6:22 PM, Ken Freedman via grc <grc at maillist.peak.org>
wrote:

> The IRS no longer allows the value of donated services to be deducted from
> the taxable income of the person or company donating those services.
>
> The person or entity donating those services can, however, deduct expenses
> they incurred in donating those services, but not the value of the service
> itself.
>
> Table 1 on page 2 of this document has a rundown:
>
> https://www.irs.gov/pub/irs-pdf/p526.pdf
>
> -Ken Freedman
>
>
>
> ~~~~~~~~~~
> Audience Engine / WFMU
> PO Box 2011
> Jersey City, NJ 07303-2011
>
> Contact Methods Ranked Best to Worst:
>
> ken at audienceengine.net
> ken at wfmu.org
>
> @WFMU
>
> http://wfmu.org
>
> (201) 521-1416 ext 225
> ~~~~~~~~~~~
>
>
>
> On Tue, Dec 5, 2017 at 5:27 PM, rdawson--- via grc <grc at maillist.peak.org>
> wrote:
>
> >
> >
> > re: Q....Can station offer  fundraising "talent" documentation of an
> > 'in-kind" contribution showing their value of their performance?
> >
> > GANG:  KXCR (90.7) Florence Ore would like to attract some 'talent' to
> > town for fundraising.
> >
> > The station is a 501(c)3---MAY IT OFFER THE OUT-OF-TOWN TALENT THE
> > 'VALUE' OF THEIR PARTICIPATION IN A FUNDRAISING EVENT...AS A PERSONAL
> > DEDUCTIBLE 'CONTRIBUTION' TO THE STATION?
> >
> > In other words....can the station say the fair value of their gig was
> > xx$dollars...and provide them a receipt for 'in-kind' contribution?
> > Which the talent then uses to document their charitable deduction?
> >
> > rAND DAWSON....supporter of KXCR   rd:  541-997-3950
> > rdawson at oregonfast.net
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