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

[rdawson at oregonfast.net]

Ken...thank you...So far, your information matches what info I have dug
up from other sources, i.e, there is no IRS allowable donor deduction
for in-kind  "time" or "personal services" donation to a 501(c)3..... 

The time or services can count for the organization.....in various
ways....but not to the donor of the time or service.... 

rand dawson  (volunteer for KXCR (90.7) Florence Oregon) 

On 2017-12-05 15:22, Ken Freedman 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 [3] 
> 
> (201) 521-1416 ext 225 [4]
> ~~~~~~~~~~~ 
> 
> 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 [1]
>> rdawson at oregonfast.net
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>> grc mailing list
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Links:
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[2] http://maillist.peak.org/mailman/listinfo/grc
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