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If your organization provided no goods or services in exchange for the donation – something as simple as “no goods or services were provided in exchange for this donation” is all that is needed to meet this required element.
The written acknowledgment required to substantiate a charitable contribution of $250 or more must contain the following information: name of the organization; amount of cash contribution; description (but not value) of non-cash contribution; statement that no goods or services were provided by the organization, if that is the case;
Statements – Good Faith Estimates of Value of Goods or Services. Ask: Did the donor receive any goods or services in exchange for the gift? Include a statement that no goods or services were provided by the organization in exchange for the contribution, if that was the case.
If no goods or services were provided in exchange, then the statement ordinarily reads: “No goods or services were provided in exchange for your contribution.” In court, the Texas couple argued that they had substantially complied with the law (and there was no dispute that they made the contributions), but the court accepted the IRS’s ...
Something as simple as “no goods or services were provided in exchange for this donation” is all that is needed to meet this required element. For charities providing intangible religious benefits, a statement regarding the benefits should be included.
YMCA. 501 (c) (3) Receipt Requirements. In accordance with Page 2 of IRS Publication 1771 the receipt must contain the following: Name of the Charity; Date of Contribution; and. Amount ($) of the Contribution. Acknowledgment of “no goods or services were provided as part of this donation.” No Goods or Service Provided.
Statement that no goods/services were provided in exchange for the donation and that the only benefit to donor was an intangible benefit, or Description and estimated value of goods/services provided in exchange for the donation, and the net resulting deductible amount.