fair market value

A field for Fair Market Value of goods/services provided in gift record- the tax dedictubility language required by the IRS states that the value of the gift is the gift amount less the FMV of goods/services provided. I would like a field for FMV in a gift record so that this could be pulled for reciepts. The reciept amount works as the tax deductible amount but it would be cleaner to show the amount of the donation and the FMV to subtract from that to get the deductible amount when people are buying tickets or something that has benefits associated.

  • Guest
  • Dec 18 2012
  • Already exists
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  • Guest commented
    March 18, 2016 01:40

    Olivia Davis, this is entered using the benefits button. You have to seet up the benefits you give out - then add it to the gift. You can then get this information out in mail - donor acknowledgement letters.

  • Guest commented
    March 18, 2016 01:40

    Please see comment on how this is done in the Raiser's Edge - thank you Melissa for posting the info.