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FMV for Sponsor giving tickets to staff to attend

  • 1.  FMV for Sponsor giving tickets to staff to attend

    Posted 05-19-2022 06:27 PM
    Hello all.

    If an event sponsor wants to give the tickets he would normally receive as sponsorship benefits to a staff member, would his gift be fully tax deductible since he (the sponsor) is not, in fact, receiving any benefits?

    I know this has been answered before but I was not able to locate the thread.

    Thank you in advance!


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    Dale Hailey
    Manager, Gift Services
    Sutter Health Philanthropy
    haileyds@sutterhealth.org
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  • 2.  RE: FMV for Sponsor giving tickets to staff to attend

    Posted 05-19-2022 06:44 PM
    The sponsor has to receive the tickets in order to give them away.  And in the described scenario they are going to a specific individual meaning they are not a GIK.

    So, no, this would not revert the payment to full deductibility.

    John H. Taylor 
    919.816.5903 (Cell/Text)

    Big Ideas; Small Keyboard





  • 3.  RE: FMV for Sponsor giving tickets to staff to attend

    Posted 05-20-2022 01:51 PM
    Thank you John.  Best, Dale

    ------------------------------
    Dale Hailey
    Manager, Gift Services
    Sutter Health Philanthropy
    haileyds@sutterhealth.org
    ------------------------------