The following information is intended to help you calculate
your tax deduction as a Friend of the Garden.
Please consult a professional if you have questions about your tax liability.
Levels | Fair Market Value (FMV) of physical items | FMV of tickets | Threshold | Not Deductible (If FMV exceeds the threshold, FMV of items + FMV of tickets ) | Deductible Amount |
$5,000 | $90 | $300 | $100 | $390 | $4,610 |
$2,500 | $75 | $200 | $50 | $275 | $2,225 |
$1,000 | $60 | $140 | $20 | $200 | $800 |
$500 | $45 | $40 | $10 | $85 | $415 |
$250 | $30 | $40 | $5 | $70 | $180 |
$100 | $15 | $0 | $2 | $15 | $85 |
|
|
|
|
|
|
FOG Level | Deductible Amount |
|
|
|
|
$5,000 | $4,610 |
|
|
|
|
$2,500 | $2,225 |
|
|
|
|
$1,000 | $800 |
|
|
|
|
$500 | $415 |
|
|
|
|
$250 | $180 |
|
|
|
|
$100 | $85 |
|
|
|
|
Friends of the Garden Fair Market Value (FMV)
Edible Garden 2024
Individual Ticket: $200
- FMV: $65
- Tax Deductible Amount: $145
Wonder Sponsor: $1,500
- FMV: $130
- Tax Deductible Amount: $1,370
Sharing Sponsor: $2,500
- FMV: $260
- Tax Deductible Amount: $2,240
Honor Sponsor: $5,000
- FMV: $390
- Tax Deductible Amount: $4,610
Inspiration Sponsor: $10,000
- FMV: $520
- Tax Deductible Amount: $9,480
Celebration sponsor $15,000
- FMV: $1,040
- Tax Deductible Amount: $13,960
Friends of the Garden Donations
- The fair market value of goods and services offered in exchange for Friends of the Garden donation at the $100 level are valued at $15, which includes swag items valued at $15. If you received swag or other benefits, your donation is not fully tax-deductible.
- The fair market value of goods and services offered in exchange for Friends of the Garden donation at the $250 level are valued at $70, which includes free tickets valued at $40 and swag items valued at $30. If you received swag or other benefits, your donation is not fully tax-deductible.
- The fair market value of goods and services offered in exchange for Friends of the Garden donation at the $500 level are valued at $85, which includes free tickets valued at $40 and swag items valued at $45. If you received swag or other benefits, your donation is not fully tax-deductible.
- The fair market value of goods and services offered in exchange for Friends of the Garden donation at the $1,000 level are valued at $200, which includes free tickets valued at $140 and swag items valued at $60. If you received swag or other benefits, your donation is not fully tax-deductible.
- The fair market value of goods and services offered in exchange for Friends of the Garden donation at the $2,500 level are valued at $275, which includes free tickets valued at $200 and swag items valued at $75. If you received swag or other benefits, your donation is not fully tax-deductible.
- The fair market value of goods and services offered in exchange for Friends of the Garden donation at the $5,000 level are valued at $390, which includes free tickets valued at $300 and swag items valued at $90. If you received swag or other benefits, your donation is not fully tax-deductible.
