I have a couple of questions on how to handle funds received from the YW from a girls camp fundraiser.
1. They had a dinner, and received some checks, but mostly cash. I know it goes in the "Other, YW camp" account, but under whose name does the cash get entered?
2. Some members just donated money without going to the dinner. How does the clerk enter those funds so the member will get the tax write-off for the donation since they received nothing in return? I know if we put it in the "Other" account it does not show up on the tax receipt printed at the end of the year.
Thanks
Danny
How to enter Fundraiser donations?
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Re: How to enter Fundraiser donations?
I don't know of any way to give members a tax break on anything donated to the ward - even if they don't receive a benefit. I think this is a matter between them and their tax professional. We're not tax experts.
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Re: How to enter Fundraiser donations?
The name of the member if you have it. Otherwise it is an anonymous donor.surf40 wrote:under whose name does the cash get entered?
There is no way to enter a donation such as this in a way that will cause MLS to give the member credit for a charitable contribution.How does the clerk enter those funds so the member will get the tax write-off for the donation since they received nothing in return?