Prior to event fundraising, contact the administration team. For events where goods or services will be provided (such as golf tournaments/outings), a written disclosure statement must be provided to donors prior to the event. The Foundation administration team is happy to provide this, but must be notified in advance.
Example 1: Center A is planning a weekend golf tournament where the proceeds will benefit the Genesis Employee Foundation. The Greens Fee is $60.00, meal is $50.00. A ticket to the event is $150.00. Only the $40.00 remaining after the greens fee and meal have been paid are tax-deductible because a service is being provided in return for the contribution. Therefore, donors must be advised prior to the event that only $40.00 of their $150.00 ticket will be tax-deductible.
Example 2: Center B would like to host a bake sale and send the money they make as a donation to the Foundation. Because all of the baked goods will be donated by Center staff, all of the proceeds donated can be considered a contribution.