Tax language for no acknowledgment on raffle ticket

Erica Warner

Hello Everyone,


We are trying to find some language that we can put on our event acknowledgment letters that will tell the donor that a certain portion is deducted for tax purposes, but that raffle tickets do not qualify as tax dedcution.  Do any of you use any langauge on your letters for this kind of purpose?  


Thank you in advance

Erica 

shani traum

We don't include the raffle in the letter, just the event price.


With the lingo, 

Please note that «Receipt Amount» of your «Gift Amount» gift received on «Gift Date» is tax deductible to the extent of the law.



 

 

Erica Warner

Thank you  

Sunshine Reinken Watson

If we include raffle in the letter with the donation, our tax statement at the bottom looks something like this:

No goods or services were provided in consideration of the gift of $XXX to XXX Foundation, a nonprofit 501(c)(3) organization, EIN 86-5555555. This letter serves as a receipt. Please consult your tax preparer to determine tax deductibility.

 

Susan Chomsky

Erica Warner:

Hello Everyone,


We are trying to find some language that we can put on our event acknowledgment letters that will tell the donor that a certain portion is deducted for tax purposes, but that raffle tickets do not qualify as tax dedcution.  Do any of you use any langauge on your letters for this kind of purpose?  


Thank you in advance

Erica 

We had Raffle Tickets included in an Event Sponsorship and the receipt looked like: 
Your gift receipt: $200.00 for Leadership Event Sponsorship
Your sponsorship included two raffle tickets and two registrations to the event.
Forgotten Harvest is a 501(c)(3) nonprofit organization and donations are tax deductible to the extent allowed by law. Raffle tickets are not tax deductible. The fair market value for your sponsorship is $200.00.

 

Erica Warner

Thank you!  this is great

 

Erica
L. Warner

Development
Assistant

Catholic
Charities of the Diocese of Albany

40
North Main Ave

Albany
NY 12203

Work-518-453-6654

Email:
erica.warner@rcda.org

 

 

 

John Heizer

shani traum:

We don't include the raffle in the letter, just the event price.


With the lingo, 

Please note that «Receipt Amount» of your «Gift Amount» gift received on «Gift Date» is tax deductible to the extent of the law.



 

 

 

I advise against ever telling the donor what "is tax deductible," even using the qualifier "to the extent of the law."  It puts you in the awkward position of the donor dragging you into their audit.

John Heizer

Sunshine Watson:

If we include raffle in the letter with the donation, our tax statement at the bottom looks something like this:

No goods or services were provided in consideration of the gift of $XXX to XXX Foundation, a nonprofit 501(c)(3) organization, EIN 86-5555555. This letter serves as a receipt. Please consult your tax preparer to determine tax deductibility.

 

If the raffle is included in the amount then you have provided "goods or services."

Sunshine Reinken Watson

John Heizer:

Sunshine Watson:

If we include raffle in the letter with the donation, our tax statement at the bottom looks something like this:

No goods or services were provided in consideration of the gift of $XXX to XXX Foundation, a nonprofit 501(c)(3) organization, EIN 86-5555555. This letter serves as a receipt. Please consult your tax preparer to determine tax deductibility.

 

If the raffle is included in the amount then you have provided "goods or services."

 

The amount in that statement would just be the gift amount. That's why it is specified.