Is My Gift Tax Deductible?
Yes, minus the fair market value of any benefits received. (The IRS requires we let you know that!)
The IRS requires that you deduct the Fair Market Value* of the Benefits Card ($20) that you will receive as an MMMP from your contribution when determining the tax-deductible portion of your gift to The JOY FM. If you wish to decline the gifts associated with your MMMP gift, please call us at 941-753-0401 as soon as possible so that we can honor your request. If you decline MMMP gifts, then the full amount of your contribution will be tax deductible. *The Fair Market Value of the items you receive is NOT what we paid for these items. We receive them at substantial discounts but are required by the IRS to report the FMV. Click here for more information on how to become an MMMP.
Tax receipts detailing this are sent in January to those who give $250 or more during the previous year.
Radio Training Network (dba The JOY FM) is recognized as tax-exempt under section 501(c)(3) U.S. Internal Revenue Code.
The JOY FM is a member of the ECFA – The Evangelical Council for Financial Accountability. We follow higher standards of Christian ethics in fundraising, financial accounting and reporting. To view the ECFA financial profile, CLICK HERE
