Are donors entitled to a tax deduction?
Yes, donors are entitled to a tax deduction. When you donate through Raceraiser.com you will receive a confirmation both on the website and via email, indicating the amount raised and the non-profit that will receive the funds. This documentation should be used as a guideline for you to claim your tax deduction. If more detail is required, we ask that you please contact the charity directly. They will have been provided with the details of your donation when the funds are transferred, and should be able to provide official documentation. Note that Raceraiser.com should not be relied on exclusively to determine the financial implications of making donations to charity. We strongly recommend that you consult your own advisor/s about any accounting, taxation or financial consequences that may affect you.
Related Questions
- If the ticket price of a fundraising dinner is split into a dinner component and a gift component, can donors claim a tax deduction for the gift component?
- If the ticket price of a fundraising dinner exceeds the cost of the dinner, can donors claim a tax deduction?
- Are donors entitled to a tax deduction?
