Tax information

Third Party Event Tax Deduction/Donation Receipts Regulations

Tax deduction or donation receipt for in-kind goods donated to your event:
A person, company, or venue that makes an in-kind good or service donation to your event is not eligible to receive a tax deduction or donation receipt for their donation. They are making the donation as a goodwill gesture to you, who is also doing something out of good will to benefit a charity. Usually the best way for a business to handle giving a good or service is to write it off as a business expense as opposed to a charitable donation. Even for First Descents hosted events, we are not allowed to provide a tax deduction letter for in kind goods, per IRS code. The donor just receives an acknowledgment of the items donated and it’s up to them and their accountant to figure out if any tax deduction is warranted based upon IRS code.

Cash donations at event to include cash jar, ticket price, or silent auction bid:
Since this is a third party event, you or First Descents will be unable to provide a tax deduction or donation receipt for cash collected at or for the event. As the host of this event, you will collect all these funds, and will then cut First Descents a check for the amount raised at the event.

Donation directly to First Descents:
If someone at your event wants to make a tax deductible donation to First Descents, they absolutely can do so. They just need to write a check made out to First Descents or they can go online and make a donation on our website. (www.FirstDescents.org/donate) Please ask them to make note of your event in the memo section of the check or in the comment section online. Please note that only donations over $250 will receive a tax deduction letter from First Descents, so for anything below that they will need to keep their own records for tax deduction purposes. Checks written for a tickets or silent auction items are not eligible for a tax deduction because goods and/or services are received.

Do you get a tax deduction/donation receipt as the host?
You are eligible for a tax donation for a personal donation you make directly to First Descents. However, per IRS regulations, you are not eligible to receive a deduction for the amount raised and donated through the event or any in-kind goods or service spent on the event.

First Descents would like to thank our 2011 program sponsors

Special thanks to Team DUKE for sponsoring three FD programs in 2011!

FD1 KAYAK Bryson City, NC: May 15 – 21
FD1 KAYAK  Hood River, OR: June 23 – 29
FD1 CLIMB Estes Park, CO: Sept 18 – 23

 

Teva is a First Descents corporate partner, sponsor of our pilot surf program and is leading the corporate charge for Team FD with their Teva Team FD challenge, in which they hope to raise enough money in 2011 to sponsor three additional programs!
FD2 SURF Santa Barbara, CA: Sept 11 – 17

Sportsgrants Foundation is the proud sponsor of FD2 KAYAK Hood River, OR: June 15 – 21. They are hoping to raise enough money through their Project One initiative to sponsor two additional programs in 2011!

Our friends at the E.P.I.C. Foundation host the 80s Ski Party event every year. The 2010 event raised enough money to fund one program in 2011 in memory of their friend Adam Barron: FD1 Estes Park, CO: May 22- 27 . We appreciate all the E.P.I.C. Foundation has done to partner with First Descents as the charitable beneficiary of the 80s Ski Party!

Brad and Kammi Reiss: FD1 KAYAK Vail, CO: Aug 7 – Aug 13

Kirk and Kathy MacKenzie: FD1 KAYAK Kalispell, MT: July 10 – 16