Fair Market Value

Donation receipts are official proof of monetary contributions and help donors claim a tax deduction. An important part of the receipt is specifying the fair market value of the goods provided so that donors can determine the amount of the donation that is tax deductible.

Ticketstripe allows 501(c)(3) tax-exempt organizations to input the Fair Market Value for tickets and donations, which can be displayed on the purchaser’s receipt automatically.

To specify payments/donations are tax deductible:

• Go to My Account in your Ticketstripe dashboard
• Click on Profile
• Check the box “Payments/donations made to my organization are tax deductible”
• This will enable your organization’s name and ID to be displayed on donor receipts

To enter the fair market value for your tickets and donations:

• Edit any existing Donation or Ticket or create a new one
• Click More Options
• Scroll down to Fair Market Value and enter the value into that field
  
• Click Update or Save