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Host an event - Tax receipt information for individual contributions

Individuals can give in the following ways:

Donations and pledges:

If money or a "pledge" is given directly to the Foundation, in the form of a cheque or cash donation, then we can issue a charitable receipt to the person who gave the donation.

• The donation must be $20.00 or greater to receive a tax receipt.
• The full name and address (including postal code) and the amount given must be submitted.

Auction purchases:

If someone purchases an item at an auction, they are receiving something (the purchased item, as well as the opportunity to participate in the auction) for their money and thus a tax receipt will not be issued.

Purchase of a Ticket or Entrance Fee to an Event (gala, show, sporting event or auction):

The person is receiving something in return for the donation, thus a tax receipt is not usually issued.

The exception to this is if the ticket or entrance fee price exceeds the Fair Market Value (FMV) of the event. The FMV would include:

• any products or services
• entertainment
• food and drinks
• any other benefit to the participant.

For example: If someone buys a gala ticket for $200 and the FMV of the show, gift, food and drinks is $125, then a tax receipt can be issued for $75.00 (the part of the ticket price that reflects the true donation beyond the value of the gala). (More information on Fair Market Value)

For further tax receipting information view the CRA summary policy.

There are many details regarding documentation and other regulations that must be addressed with your development coordinator before any tax receipts for ticket purchases will be issued. You must discuss your event with your development coordinator BEFORE you can make any commitment to your donors/suppliers for tax receipts.

Gift in kind donations:

If an individual donates an item, the fair market value must be established for the good. This can be done by:

• Getting a purchase invoice or other proof of purchase
• Having an independent third party appraise and value the item
• Obtaining a current price list for the item at a recognized commercial enterprise operating independently of the donor

A tax receipt cannot be issued for personal services; including; legal, entertainment, transportation, or dining services.

Donations of artwork

Also required for donations of artwork:

• a list of credentials for the appraiser
• a history of the artist
• a description, picture and history of the piece of artwork including significant points of reference
• the methodology used to value the artwork
• reference to recent market purchases used to substantiate market value
• proof of the date of acquisition of the artwork and a statement that the artwork was not purchased for purposes of donation
• One page boiler plate appraisals, e-mailed appraisals, scribbled appraisals, or appraisals written in pencil are not valid.
• Appraisals must be signed by the

Donations of wine

Also required for donations of wine:

• a list of credentials for the appraiser
• a description of the wine donated and its physical state or other relevant conditions
• the methodology used to value the wine
• reference to recent market purchases used to substantiate market value
• proof of the date of acquisition of the wine and a statement that the wine was not purchased for purposes of donation
• One page boiler plate appraisals, e-mailed appraisals, scribbled appraisals, or appraisals written in pencil are not valid. Appraisals must be signed by the appraiser.