Fair Market Value / Deductible Amount (per item/ticket)
Add the ability for admins to set the Fair Market Value of tickets and items, so that donors can take the remainder of their donation as a tax deduction.
That is great news. This feature will be a game changer for us and I would assume several other non-profits doing more than just straight donations. Please advise when it is in place. Thank you!
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We are currently using another system and I love everything I have seen with Givebutter and all of its features. However, the inability to support FMV is the one hard issue we can not overcome, and unable to move our non-profit over with this issue outstanding. I don't want to dictate your roadmap but if this is being considered, do you have an ETA for its implementation?
What does flagged PLANNED (3/28/2022) then re-flagged OPEN (10/6/2022) mean for this item?
Can anyone using GiveButter and Bloomerang suggest a workaround for this? I am selling tickets to our annual fundraiser, a portion of which is tax deductible, and I am also setting up an auction. All I can think of now is having the GiveButter receipt state that a detailed receipt will be sent in a separate email. Then I will manually adjust the donation vs the non-deductible portion in Bloomerang and send the purchaser an email from Bloomerang. That's a lot of work.
Holly Lewis: I feel your pain. I included a statement in the automatically generated GIvebutter EMail receipt that "$25 of the $50 event ticket is considered a donation." Good luck!
Holly Lewis: This is how we're doing this for events right now, too... we did add language in our receipt that $xx for tickets is NOT tax-deductible but any donations over and above the ticket amount is.
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Jesse Saldana: This request went from PLANNED on 3/28/2022 to OPEN on 10/6/2022. What does this change in status mean to this request? Is there another avenue through which users like me can advocate for features/enhancements like this one?
Todd Orner: Hey Todd, thanks for the follow up. We did some re-organization in the fall to more accurately reflect our roadmap. This remains the best avenue for advocating for features/enhancements. We keep a very close eye on upvotes and comments, even if it might take some time to get a request on the roadmap.
The good news for this feature is that it's on the roadmap for Q2 of this year.
Jesse Saldana: Thank you!
Yes, we need this feature as well and would like for it to work with our Bloomerang Integration. Most events have a non-deductible tax portion and for our donor end of year tax statements to be most accurate, we need this portion named accurately in event ticket purchases.
Special Needs Respite Inc
Once this is implemented, the value that can be deducted should be included in the emailed receipt to the purchaser - great feature idea!
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Liran Cohen: Thank You!!!
This is a VERY VERY important feature for anyone collecting more than simple straight donations. It's critical that I'm able to generate a receipt that reflects the true tax deductible amount. My 'real world' example is coming up in August. My foundation hosts an evening at a local playhouse. Tickets sell for $50 and cost us $25. That would mean only $25 is eligible for tax deduction consideration. My initial crowdfunding solution provider (GivingTools) has this feature baked into their campaign set up (see attached pictures) as "Value of goods received." If I don't have the capability to deduct the 'value of goods received' from an item, I will be forced to manually generate an additional receipt (acknowledgement of gift) for each transaction that shows the amount that is actually deductible. Thank you for your consideration. I will be happy to answer any questions.
The pictures: The Giving Levels portion of the campaign setup page where 'value of goods received' is input; The summary the donor sees before finishing the transaction; The body of the receipt/acknowledgement EMail the donor receives -- Please note that the summary and receipt show both the total transaction ($20) amount AND the Total Tax Deductible ($15) amount.