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FMV when benefit goes to another charity

  • 1.  FMV when benefit goes to another charity

    Posted 14 days ago

    Greetings,

     

    Our radio station is planning on running a premium where, for $X donation, the station then makes a cash donation to partner animal shelters in the area.  The amount the shelters receive is not specified to the station donor.  Would we still count this as FMV on the donation to the station?

    Would it make any difference if the station was giving, say, actual dog and cat food to the shelter?

    Would it make a difference if the station was not actually transferring or giving anything, but the partner charity gave away something like a dog care backpack to homeless veterans with dogs?

     

    Thanks for the help!  I was having trouble framing search terms on this one.

    Joel Arnold '97
    Assistant Director of Gift and Data Processing

    image001.png@01CFB187.8093B9A0

    60 West Olsen Road #1650  |  Thousand Oaks, CA 91360
    Phone: (805) 493-3689  |  Fax: (805) 493-3497

    jsarnold@callutheran.edu

    The information transmitted by this email is intended only for the person or entity to which it is addressed. This email may contain proprietary, business-confidential and/or privileged material. If you are not the intended recipient of this message, be aware that any use, review, retransmission, distribution, reproduction or any action taken in reliance upon this message is strictly prohibited. If you received this in error, please contact the sender and delete the material from all computers.

     



  • 2.  RE: FMV when benefit goes to another charity

    Posted 14 days ago
    It sounds to me like KCLU is serving as a pass-through for another nonprofit organization.  KCLU is not benefitting - the shelters are.  I fail to see how donating to these shelters is within the mission of KCLU.

    My preference would be for KCLU to receipt only that which they retain and have the shelters issue receipts for their portions.

    Or, if that's too messy, work out an agreement with the shelters that allows you to issue receipts in their names.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987