Article Archives >> Ready Reference >> Supplement 1
Preview of Article:
Charities Must Set Value on ‘Quid Pro Quo’ Gifts
Donors may deduct only the amount of the payment in excess of the value of the goods or services received
Excerpt:
The burden of valuing goods or services received in return for a quid
pro quo contribution is squarely on the charity. The charity must make
a "good faith estimate" of the value, and the donor may deduct
only the amount of the contribution in excess of that value. Don’t
consider it an idle exercise.
Article Archives >> Ready Reference >> Supplement 1
