Are the funds raised at my Great American Bake Sale tax-deductible?
No, the purchase of baked goods is not a tax-deductible contribution. By hosting a Great American Bake Sale, you are acting on behalf of Share Our Strength and therefore would not claim the money raised as a tax deductible contribution. Generally, the individuals buying baked goods at your Great American Bake Sale are receiving a benefit equal to the contribution. Internal Revenue Service Publication 526 states: “If you receive a benefit as a result of making a contribution to a qualified organization, you can deduct only the amount of your contribution that is more than the value of the benefit you receive.
No, the purchase of baked goods is not a tax-deductible contribution. By hosting a Great American Bake Sale, you are acting on behalf of Share Our Strength and therefore would not claim the funds raised as a tax deductible contribution. Generally, the individuals buying baked goods at your Great American Bake Sale are receiving a benefit equal to the contribution.
