Posted: Thu Mar 08, 2007 2:42 pm
schwag just sounds cooler than swag
Look's like you are right with the shirts but we need to remember that if we do give t-shirts, part of that membership donation will go to buying the shirt. Notice that the AF only gives you the shirt for $50 or more. Another option would be to have t-shirts and other things like hats available from a "store" area on the website.Corporate Whore wrote:true but only slightly. for instance, check out teh access fund's site. they're tshirts have no taxable value. i'm going to look into that one today.. (where's our tax experts?) and i think it really become an issue only when you're giving more than $250 at once or more than $500 a year since you don't have to itemize until those points (again, tax people correct me..)
right, of course. i have to admit, most of what i'm doing is modeled after the scc. they're been hugely successful and they have a pretty good system in place. for example, with shirts and memberships: $10 gets you a shirt (no membership), $25 gets you membership (no shirt), $35 and up gets you membership and a shirt (if you want it).captain static wrote:..but we need to remember that if we do give t-shirts, part of that membership donation will go to buying teh shirt..
i'm not a tax expert, but i believe that it's $400 a year, not $500. re: $250, it's when you've made a donation of $250 or higher that you need a statement/letter from the organization you donated to that states the amount of your donation and the monetary value of anything you've received in return. you don't send that sheet in, but file it in case of an audit.Corporate Whore wrote:true but only slightly. for instance, check out teh access fund's site. they're tshirts have no taxable value. i'm going to look into that one today.. (where's our tax experts?) and i think it really become an issue only when you're giving more than $250 at once or more than $500 a year since you don't have to itemize until those points (again, tax people correct me..)