[Noisebridge-discuss] donations and tax receipts

[Sai Emrys]

FWIW, one common misconception: It's the *donor* not the recipient
that values things.

The letter from NB should basically just say "Hi ___, thanks for the
___, we're a 501(c)3 whose tax id is ___, kthxbye". It shouldn't say
", which is worth ___,".

The donor gets to claim to the IRS that the foo they gave is worth
whatever they think it's worth at "fair market value"; if the IRS
disagrees, they're the one who gets audited, not NB.

And Andy's right that it's not worth bothering to do this for cheap
stuff, but that's more of a "do you want to bother doing it" thing
than any actual formal rule.

Related situation that might come up: if NB is *selling* something and
it's sold for more than its fair market value, *then* NB has to make
the determination of value. 'cause the FMV part is not tax deductible,
anything over it is, and they're calculated slightly differently for
NB's taxes. Unlikely to ever matter unless that delta is really big,
but just reminded me.

- Sai