To comply with IRS requirements, Community Partners sends a standard acknowledgement letter for every monetary contribution of $250 or more. Donors need this acknowledgment in order to take a charitable deduction on their income tax returns.
Community Partners strongly encourages you to make a habit of promptly thanking donors for all gifts with a note, card, or email as a way of building strong donor relationships.
Community Partners only acknowledges contributions under $250 upon request.
When a donor receives goods or services in return for their contribution, you must inform
them of a reasonable estimate of the value of those goods or services. This is because only
the portion of their contribution in excess of the value of the goods or services is tax deductible. For example, if a donor purchases a $100 ticket for your fundraising gala, which features a dinner valued at $30, only $70 of their ticket is tax deductible.
Please speak with your program or finance liaison early in the process of planning a special event for help in determining the tax deductible portion of any tickets or sale items. State law requires that all solicitations, invitations, and other correspondence relating to dinners and special events must clearly list these deductible and non-deductible portions separately.