The IRS Requires Substantiation and Disclosure of
Charitable Contributions if:
● You personally donate to nonprofits
● Your organization:
– receives contributions of $250 or more from a single donor
– provides goods or services to donors making contributions of more than $75
A donor must have a bank record or written communication from a charity for a monetary contribution OF ANY SIZE before the donor can claim a charitable contribution.
A donor is responsible for obtaining a written acknowledgment from a charity for any single contribution of $250 or more before the donor can claim a charitable contribution.
A charitable organization is required to provide a written disclosure to a donor who receives goods or services in exchange for a single payment in excess of $75.