We are in the process of creating a Year End Tax report for our donors. I had posted a request to the shared reports forum to see if any one had such a report available. However, it does not seem to be the case? Once I have ours , I am happy to share it if there is any interest.
While putting together the specifications I do have some questions though, that I was hoping to get some feedback on.
Do you ever get requests from donors for calendar year-end tax receipts, and how do you fulfill them?
When receipting a pledge with a non-dedcutible portion that spans multiple calendar years, do you account for the whole value of goods and services in the first year or do you pro-rate that?
thanks for your feedback!!
Monika
We do print year-end acks for people who request them and generally handle those individually. We run all of our monthly giving club acks in February, and have typically sent acks for each payment on a pledge. Currently, we do have a report in place that is pulled once a week to ack all gifts for that week, but we export to Excel and mail merge. We are presently working on a better system.
As far as the FMV is concerned, we tell them when either the pledge is made or the first payment received what the FMV is on the membership and let the donor determine what is best for them with their tax advisor.
Hope that is helpful.