Hi,
We have a constituent that is buying an expensive piece of music equipment today and wants our music department to use it throughout the year, sort of on loan. He then would like to officially donate it as a GIK next calendar year so he can take the deduction on his taxes for 2023.
To complicate matters, this same donor mentioned the possibility of using this instrument when he is in town for a music gathering. This seems like it would negate the GIK piece but maybe not if the same instrument was available to others, mainly students, throughout the year and it wasn't guaranteed that this donor would be able to use it when he is in town.
Any advice?
Thank you,
Kelly
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Kelly Hallock
Director of Advancement Services
Warren Wilson College
khallock@warren-wilson.edu------------------------------