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

[Ken Freedman]

I would not do that Paul, it's illegal and an auditor could easily turn that up. 

Ken

Sent. From. Phone. 

> On Dec 5, 2017, at 8:38 PM, Paul Bame <pbame at prometheusradio.org> wrote:
> 
> 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, 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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