When Scrip Purchasers May Take Tax Deductions
Does your nonprofit, as part of its fundraising activities, sell scrip (certificates for goods, which a nonprofit can buy at a discount and sell at a small profit)? If so, check out Nolo's new article, "Scrip Sales and Tax Deductibility." It discusses the circumstances under which your donors may deduct a portion of the amounts that they pay. Your nonprofit has a role to play here, and can help make donors eligible for a tax deduction by the way you communicate with them about their option to share in the discount when selling the scrip.