Can a church give a contribution receipt for a website name that is donated?

by RM
(South Carolina)

There is a website name that the church would like to buy (the church initials.com), but it is for sale for $45,000. If the church paid $100, could we then give a donation receipt to the owner of the domain name for $44,900?
Thank-you

Comments for Can a church give a contribution receipt for a website name that is donated?

Average Rating starstarstarstarstar

Click here to add your own comments

Apr 22, 2020
Rating
starstarstarstarstar
No Contribution Receipt for a Discount
by: Vickey

No, you could not issue a contribution receipt for a "discounted" good.

If the donor donated the domain name, your church could issue a noncash contribution receipt, but could NOT put an amount on that receipt. It would be up to the donor to determine and obtain the documentation necessary to back up how much they claimed. See more on noncash contributions and how to properly handle them on this page:

https://www.freechurchaccounting.com/contribution-receipt.html

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Contributions Q&A.



Need training on how to use QBO or Aplos effectively for a church or better yet ...need an expert in either of those accounting software to do your monthly bookkeeping and/or payroll? See more on our accounting services!