Overview
When you give donors a thank-you gift (like a t-shirt, mug, or ticket), part of their donation may not be tax-deductible. Adding a Fair Market Value (FMV) to a premium helps the system calculate the correct tax-deductible amount automatically—so you don’t have to do the math yourself.
This is a common task, and it’s okay if you’re doing it quickly between other responsibilities.
What you’ll do
You’ll add an FMV to a premium and then associate that premium with a donation. Once that’s done, the system handles the tax-deductible calculation for you.
Step 1: Create or edit a Premium
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Go to the Premium you want to use. You can either create a new Premium or open an existing one that represents the thank-you gift you’re offering.
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Most people start on the EveryAction Home Page
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On the left-hand menu, click Engagement > Engagement Settings > Premiums
If you don’t see that
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Use Search for a page → type Premiums
Tip: If this gift already exists in your system, editing it is usually faster than starting from scratch.
Step 2: Enter the Fair Market Value (FMV)
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In the Premium settings, enter the Fair Market Value (FMV) of the item. For most physical thank-you gifts, this is the typical retail value of the item—not the donation amount.
Step 3: Save the Premium
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Save your changes to the Premium. This locks in the FMV so it can be used when the premium is applied to a donation.
Step 4: Add the Premium to a contribution or contribution form
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Add the Premium to the relevant contribution record or contribution form.
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If you’re not sure whether you’re working directly with a contribution or a contribution form, that’s okay—adding the Premium in either place associates it with the donation.
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If something looks off later, you can always review the contribution record.
What happens next?
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The Fair Market Value is applied automatically.
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The tax-deductible amount recalculates without you needing to adjust anything manually.
Quick check:
Open the contribution record and look at the Tax-Deductible Amount field to confirm the value looks right.
Reassurance before you go
If you ever notice that the tax-deductible amount doesn’t look correct, you haven’t broken anything. You can review or update the Premium or contribution record as needed. This is a normal part of managing donor gifts—especially during busy fundraising periods.
What else do you need help with?
Not what you’re looking for?
Return to Overview: End-of-Year Giving & Tax Receipts to choose a different task.