Is this any different from most "charity" events?
I've been on both sides of the fence for other charitable organizations. When collecting donations for raffle or auction we give the donator a receipt for the value of the donation, other items were purchased, but when these items are auctioned off the person that won doesn't receive anything noting the fair market value. So, how do they know how much of their "donation" went to the charity and how much is tax dedutible? For that matter, how much of the purchase price of the ticket to attend is tax deductible?
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10-16-06, 01:24 PM
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