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Prizes as incentives

  • 1.  Prizes as incentives

    Posted 10-05-2022 01:49 PM
    Hello fund community!

    Our Marching Band is in the middle of a fundraising campaign. They want to offer prizes as incentives to donate. There would be names drawn at the end of the campaign and a random donor would be chosen to receive a prize. Does this have tax implications? The prizes would also be for people wanting to enter a chance to win the prize, and would not necessarily have to donate.
    Thank you for your advice.
    Emi
    Emi Ayala
    Director of Gift Acceptance
    University of Maryland
    4603 Calvert Road
    College Park, MD 20740
    301-405-5134


  • 2.  RE: Prizes as incentives

    Posted 10-05-2022 01:50 PM
    This is a game of chance and would completely negate any deductible amount.

    John H. Taylor 
    919.816.5903 (Cell/Text)

    Big Ideas; Small Keyboard





  • 3.  RE: Prizes as incentives

    Posted 10-05-2022 01:51 PM
    Oops.  I did not see the last line.  If no donation is required and you make that fact very clear then they are all gifts!

    John H. Taylor 
    919.816.5903 (Cell/Text)

    Big Ideas; Small Keyboard