Non-monetary donations
Posted: Mon Jun 16, 2025 9:17 pm
During our lack of electricity for three months as a result of a burglary, a member donated 2 generators. Where should we record that donation?
There really isn't a place in Powerchurch to do 'non-cash' donations. What I would do is create a letter to the donor, as specified in IRS Pub 1828, on page 29 under 'Substantiation Rules'. The letter should include the information listed in that paragraph, along with the standard statement that the church in return only provided intangible religious benefits.
Keep a copy of your letter for your records, as required by the IRS, and send the original to the donor. They would need to file that with his taxes along with the standard cash donation report given to them at the end of the year.