Paypal Donations and Online Order Forms

[jvriezen]

Just an FYI:

I spoke with Mark (don't recall last name) at the FIRST eWatt Saver program. I had asked how much bulb purchasers could claim as a tax deduction for charitable donation when buying a bulb at $20.

After he consulted with his legal/finance folks, the answer was $0. This is because the 'fair market value' of the bulb is $20 (based on prices at Lowe's, Home Depot, etc.) I know it sounds weird when they just effectively donated $14 to the team, but also keep in mind that Google with its $3M donation really made that donation (or at least a very large portion of it)

The link above didn't work for me but I had visited it previously and noticed it claimed a tax deduction was possible. I'd hate for some business to buy a few hundred bulbs, claim a tax writeoff and then find out in an IRS audit that they shouldn't have.


John Vriezen
Team 2530 "Inconceivable"
Mentor, Drive coach, Inspector