We can accept almost any type of donated, noncash item for the purposes of a project and issue a receipt to the donor for the item, but there are some exceptions:
- The IRS does not consider time or services tax-deductible. This is mainly because it's difficult to determine the fair market value of both time and services, and we are therefore unable to offer a tax receipt for these kinds of donations
- Rented Property/Space
- Donations need to be considered "full interest" in order to be tax-deductible by the IRS, meaning that full ownership is donated to the recipient. Because ownership of rented spaces and loaned property remains with the donor, and they are not donating "full interest" in the donated item, these donations are not considered tax-deductible according to the IRS.
- Airline Tickets/Miles and Vehicles
- Because of complex restrictions placed by the IRS, Fractured Atlas is not able to process donations of these items in accordance with IRS regulations.
The IRS provides additional details about what it can and cannot consider tax-deductible in Publication 526.
Donations of intangible services (like pro-bono accounting/legal help or free rent of any kind) are considered IN-KIND donations by Fractured Atlas. These donations are very valuable but are not tax-deductible under the law. Therefore, we cannot issue a receipt for donations of pro-bono services or free space.