It sounds more like in-kind donations - it is work that you would have had to pay to have done, so your accountant can use the value as an in-kind donation.Message 1 of 9 , Jun 30, 2011View SourceIt sounds more like in-kind donations - it is work that you would have had
to pay to have done, so your accountant can use the value as an in-kind
donation. Helpful if you need to match grant funds or in other ways your
accountant will understand that I don't.
Leslie Stauffer, Director
Please note new e-mail address: rsvp@...
RSVP of Chester County
310 N. Matlack Street
West Chester, PA 19380
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Pearl, Re: Categorizing... How do you all categorize work that someone does as volunteer that is in their professional field? For example, we have severalMessage 1 of 9 , Jun 30, 2011View SourcePearl,
Re: Categorizing... How do you all categorize work that someone does as
volunteer that is in their professional field? For example, we have several
local contractors that sometimes do repair work for our facilities at no
charge. We also have medical professionals that donate time in our free
health clinic for the uninsured. I wasn't sure if this should be treated
like volunteer work, or if there's another way of categorizing it?
A few thoughts...
- When I worked for the Boy Scouts of America, we would have local
contractors (Scout Volunteers) do work that we would normally have had to
pay for, example: service industrial refrigerators or freezers at our Scout
Camps, we categorized these as "Project Sales" from a fundraising
perspective (we had a project sales book/list of "in-kind" gifts of services
or products that we would otherwise need to pay for). I believe this types
of professional services need to be included in your accounting as donated
in-kind professional services.
- When I worked for the American Red Cross, we had projects that we
otherwise would have had to pay for, example - designing web-based
curriculum for a disaster training course. These were categorized as Pro
Bono volunteering. I believe this type of professional service (if done by a
professional who normally designed web-based curriculum) would also need to
be included in your accounting as donated in-kind/pro bono professional
I hope this helps.
Summers "Engagement" Consulting
Here is the link to the Taproot Foundation s Pro Bono Standards and Valuation information and chart. I have only recently discovered this myself, andMessage 1 of 9 , Jun 30, 2011View SourceHere is the link to the Taproot Foundation's "Pro Bono Standards and
Valuation" information and chart. I have only recently discovered this
myself, and haven't used it yet, so would love to hear feedback from
those who have . . . Carla Lehn
Library Development Services
California State Library
P.O. Box 942837
Sacramento CA 94237-0001
Ph: (916) 653-7743
FAX: (916) 653-8443
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The calculator located at http://www.handsonnetwork.org/tools/volunteercalculator is a great tool for determining the value of professional (pro-bono)Message 1 of 9 , Jun 30, 2011View SourceThe calculator located at
http://www.handsonnetwork.org/tools/volunteercalculator is a great tool
for determining the value of professional (pro-bono) volunteers' time.
I usually adjust it down a bit to account for the lower wages in Idaho,
but it is a very handy tool.
Marcia Munden, LSW
Catholic Charities of Idaho
4202 W Emerald
Boise, ID 83706
(208)345-6031 ext. 6290
Check out our website! www.ccidaho.org
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Message edited by Moderator for over-quoting. I am just querying the use in their taxes bit? Is that accurate? Why dont we do that with all volunteers? MartinMessage 1 of 9 , Jul 2, 2011View SourceMessage edited by Moderator for over-quoting.
I am just querying the use in their taxes bit? Is that accurate? Why
dont we do that with all volunteers?
Martin J Cowling
People First-Total Solutions
Darcy Ljunggren wrote:
What we normally do is log the volunteer hours and if they would like we send them a thank you letter for an in kind gift of the number of hours of service they provided and they can use it for their taxes.
A word of caution on the tax aspects of volunteerism: tax-deductible charitable donations do include any out-pocket expense (uniforms, dues, training fees,Message 1 of 9 , Jul 6, 2011View SourceA word of caution on the tax aspects of volunteerism: tax-deductible
charitable donations do include any out-pocket expense (uniforms, dues,
training fees, etc) and 14 cents a mile for travel to and from the site.
The IRS does not recognize the value of service, whether as a docent or as a
lawyer working pro bono, as a tax deduction. Send your volunteers a note
thanking them for their "x-number of days of service" and let them figure
the mileage or other transportation costs to deduct.
Margaret Tirza Brewer, JD, EA
formerly with the Aquarium of the Pacific in Long Beach CA
Just to clarify (and answer Martin s question) - No one in the U.S. is permitted to take a charitable deduction for the value of volunteer time donated, onlyMessage 1 of 9 , Jul 7, 2011View SourceJust to clarify (and answer Martin's question) -
No one in the U.S. is permitted to take a charitable deduction for the value
of volunteer time donated, only for non-reimbursed out-of-pocket expenses
incurred while volunteering. The discussion here about professionals
donating their pro bono services was correct to the extent that:
1. It's smart for an organization to include the value of such
services in its budget - both to show the need for that service as a
budgeted expense, and then to reflect the value of the in-kind service as
"revenue" that paid for that expense (which the volunteer can provide on
professional letterhead). This permits the organization to consider the
full cost of operations and yet acknowledge that some of the needs were met
as in-kind. Note, however, that this is only permitted for items that would
, indeed, ordinarily be in the budget, such as legal fees, paying for
2. The volunteer's employer has a choice about how to reflect the
contribution of time on the company's tax returns. The most beneficial way
(contrary to popular belief) is simply not to mention it at all and instead
consider it a cost of doing business. In that case, the full money paid to
the employee for doing company work and community work is 100% deductible as
an expense. However, if the company wants to claim the money paid as a
"charitable donation" instead, it must deduct the amount from the wages paid
(losing that expense for tax purposes) and then take only a percentage of
the amount as the permitted charitable deduction. This is why it makes more
sense for the business to ignore it for tax purposes.
3. If the volunteer is a sole practitioner, i.e., self-employed, I'm
afraid there is no deduction allowed for donated time, no matter its value.
The only way something might be claimed is (believe it or not):
a. The volunteer presents a bill for services to the agency.
b. The agency pays the bill.
c. The volunteer then turns around and makes a financial contribution
for the same amount back to the organization.
d. Then the money exchange is handled by both parties as a gift - but
the volunteer can only deduct the amount on taxes as any other charitable
gift, rarely the full amount.
Those are the facts. Do not ask me for an explanation!!!
Susan J. Ellis
5450 Wissahickon Avenue, C-13
Philadelphia, PA 19144 USA
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