Gift acknowledgment letters: Considerations and templates
Resources
AICPA logo
Cart
searchSearch
search
burger
AICPA logo
  • Home
Purple envelope with thank-you card sticking out
Resources

Gift acknowledgment letters: Considerations and templates

4 months ago · 4 min read

SECTION

EXCLUSIVE

According to IRS Publication 1771, Charitable Contributions - Substantiation and Disclosure Requirements, donors must have a contemporaneous written acknowledgement from the recipient not-for-profit entity (NFP) in order to claim a tax deduction for each charitable contribution that exceeds $250. Generally the burden for obtaining substantiation is on the donor, as NFPs are not required to provide written acknowledgements for contributions received, except in the case of quid pro quo contributions of more than $75. However, organizations can express their appreciation

Reserved for NFP Section members

Already an NFP Section member?

Log in with your AICPA account
 
Forgotten email
Forgotten password

Not an NFP Section member?

Discover the benefits of AICPA membership and Not-for-Profit Section member. To gain access to exclusive content, your first step is to join the AICPA.

Exclusively for

Mentioned in this article

Topics

Tax

Subtopics

Manage preferences

Related content