Hi Everyone - I posted this in the Fundraising forum, but it would be great to have a Finance perspective as well. We recently had a donor request tickets that amount to a FMV over $500, but we already issued their tax letter a couple of months ago stating their gift is fully deductible.
Our Gift Officer argues that we need to provide these for stewardship and relationship building purposes, but in Development Operations (Advancement Services), we think the Museum should probably re-issue a tax letter documenting the donation has essentially changed to a quid pro quo contribution.
Have other organizations encountered a situation like this? If so, do you all have policy/procedure documentation that you would be willing to share?
We would be grateful for the help! Thank you - Tele