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What amounts do not go to the gift fund?

April 26, 2017amounts fund gift

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What amounts do not go to the gift fund?

1 Answer

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Do not credit amounts that are not gifts or deductible contributions to a gift fund. Such amounts include: • receipts from sponsorships or commercial activities, and • proceeds of raffles, charity auctions, dinners and the like where the proceeds are not deductible contributions.