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

[Frieda Werden]

Better claim it this year, because by next year it will surely have gone
the way of the deductions teachers have been able to take for supplies they
bought out of their own pockets.

Frieda Werden, Series Producer
WINGS: Women's International News Gathering Service www.wings.org

On Tue, Dec 5, 2017 at 3:22 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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