Schools and organizations often need to manage tax-deductible portions separately from receivables. This feature streamlines that process.
Adding a Tax-Deductible Portion to a Ticket
This feature is available in the Events Advance Plan.
When a ticket cost includes a tax-deductible portion (referred to as the "contribution amount" in RE), you can configure it as part of the ticket setup.
How to set it up:
While adding the ticket, locate the checkbox labeled "A portion of this ticket is exempt from tax" under the ticket cost field.
Check the box and enter the tax-deductible amount.
Example:
Ticket cost: $100
Tax-deductible portion (Gift Portion): $10
This setup ensures the ticket will display appropriately when synced with your Raiser's Edge database(RE).
Assigning a Fund for the Tax-Deductible Portion
When a gift portion is added, an option to assign a separate fund specifically for this portion becomes available in the ticket settings.
Important notes:
Assigning a separate fund is optional. If you leave this field blank, the system will automatically assign the ticket fund to the gift portion.
Designating a fund ensures better tracking and reporting, especially if you sync data with RE.
Syncing Guests with a Tax-Deductible Ticket
When syncing RSVP data, the system generates two gifts per ticket on the Gift Dashboard:
One gift for the receivables.
One gift for the tax-deductible portion.
How this reflects in RE:
Under the "Fees and Payments" section, you will see the payment split into two gifts:
Receivables are assigned to the ticket fund.
The tax-deductible portion is assigned to the designated fund (if specified).
FAQs
Why are some funds greyed out in the dropdown?
Funds are greyed out if they are unpublished. Unpublished funds cannot be used to assign payments.
What happens if I don’t assign a fund for the tax-deductible portion?
If left blank, the tax-deductible portion will be assigned to the same fund as the ticket’s receivables.
Is it mandatory to designate a fund for the tax-deductible portion?
No, it’s optional. However, if you plan to sync payments to RE, you must designate at least a fund for the ticket.