Overview
When a donor receives goods or services (such as a ticket or meal), only part of their gift may be tax-deductible. To record this correctly, you enter the Fair Market Value (FMV) of what the donor received.
The system automatically calculates the tax-deductible amount for you.
Result: Donor receipts and acknowledgements reflect the correct tax-deductible amount.
Before you begin
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Tax-deductible tracking must be enabled for the fund or purpose the donation was given to
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If you don’t see the fields below, pause and ask an admin or contact support
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You know the Fair Market Value (FMV) of the goods or services provided
Time needed: 2–3 minutes
Step-by-step instructions
Step 1: Open the contribution record
Open the original donation using one of these options:
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From the Contributions Report, or
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From the donor’s contact record: All Details → Contributions
You are editing the existing donation. No new record is created.
Step 2: Enter the Fair Market Value (FMV)
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Find Acknowledgements & Premiums.
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Enter the FMV (the value of what the donor received).
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Click Save.
Enter only the value of the goods or services—not the donation amount.
What happens next
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The system automatically calculates the Tax-Deductible Amount
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No manual math is required
This value is used in donor receipts. Review before saving.
Compliance and safety notes
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Helps prevent donors from being over-acknowledged for tax purposes
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Changes affect donor-facing tax documents
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If you’re unsure about the FMV, stop and confirm before saving
Quick check
✅ Correct contribution record
✅ FMV reflects only goods or services
✅ Tax-deductible amount updated automatically
If yes, you’re done.
What else do you need help with?
Not what you’re looking for?
Return to Understanding End-of-Year Tax Compliance Tasks to choose a different task.