Question: Are donations, gifts, offerings, and other support to GUTK/ GUTK tax-deductible?
Answer: YES! GUTK is an interdenominational ministry as well as a ministry association. We are a non-profit religious/ spiritual organization (a “qualified organization” as defined in IRS publication 526); exempt from Federal Income Taxes under the “Mandatory Exceptions Rule”; IRS Code § 508(c)(1)(A). After PayPal processes your tax-deductible donation GUTK will send confirmation to your email containing receipt of your contribution.
UN-DESIGNATED GIFTS
Un-designated donations are those donations given without stipulation by donor. These donations comprise the majority of GUTK’s total receipts. They are relied upon to fund the ministries and programs of GUTK.
PERSONAL SERVICES DONATED
The value of personal services donated is not deductible as a charitable contribution. GUTK relies heavily on volunteers to fulfill its ministry. However, donations of this type will not be reflected on the individual’s record of contribution. Un-reimbursed out of pocket expenses incurred on behalf of services donated are deductible on the individuals tax return. Travel and transportation expenses are deductible, on the individual’s tax return, to the extent no personal pleasure or recreation was received. These individual personal expenses will not be reflected on donor’s record of contribution.
RECEIPT OF BENEFIT BY DONOR
Any benefit or premium received by a donor in exchange for a contribution reduces the amount of the deduction of the contribution. In the event of such a contribution where a benefit was received, GUTK will issue a receipt to the donor of the estimated value of the goods or services received by the donor. If the amount of the contribution exceeds the value of the benefit received, the donor may deduct the amount over the value of the benefit as a charitable contribution.
NON-CASH DONATIONS
GUTK will accept most types of non-cash donations, provided the donation is determined to be related to the purpose, mission, and best interest of GUTK. All non-cash donations will be reviewed and approved by GUTK. GUTK will acknowledge receipt of the donation by email. The email will provide a brief description of the item donated. GUTK is not responsible for appraisals and will not determine the fair value of donated property. The estimated fair value of the donation will not be reflected in the email or the donor’s record of contribution. It is the donor’s responsibility to determine the fair market value of the donation.
DONATION OF THE USE OF PROPERTY
Use of property cannot be claimed as a charitable contribution. GUTK may decide to accept the use of property in such cases where the donor understands no deduction from the contribution is allowed.
DESIGNATED DONATIONS
GUTK will accept designated gifts if they are specified for an approved project, ministry or program administered by GUTK. Gifts to ministers or programs that are not approved or administered by GUTK will be held until a decision is made by the contributions committee as to whether or not GUTK can provide the ministry and administer the funds. If the ministry or need cannot be handled the donation will be returned to the donor or utilized for a different ministry or purpose with prior notice given to donor.
DONATIONS TO INDIVIDUALS
Donations designated to individual or groups of individuals do not qualify as charitable contributions. Such gifts donated will not be reflected on the donor’s record of contributions.
BENEVOLENCE FUND
Donations designated to a benevolence fund administered by GUTK are tax-deductible. A committee will decide the beneficiaries of the designations to the benevolence fund. These donations will be acknowledged on the donor’s record of contribution.
SUBSTANTIATION OF CONTRIBUTION
GUTK will provide annually to donors a record of cash contributions received in accordance with rules and regulations required by the IRS. Non-cash donations will be acknowledged by letter as described above in compliance with IRS rules and regulations.
YEAR OF CONTRIBUTION
All contributions must be received by December 31 to be included on the donor’s record of contribution. If mailed, the donation must reflect a postmark no later than December 31.
REFUSAL OF CONTRIBUTION
GUTK respects and supports our donor’s decision to give according to their heart. GUTK reserves the right to refuse contributions that are not related to the primary purpose of GUTK, not in the best interest of GUTK, or those not qualified for tax purposes.
REFUND POLICY
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