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Financial Planning / Tax Strategies


Subject:  Re: Charity and Rewards Card Date:  8/13/2004  1:06 PM
Author:  Wradical Number:  72846 of 127318

If I understand the situation, you're not going to receive anything back FROM THE CHARITY; rather, you'll get a rebate on your credit card, from the card issuer. That's a separate transaction. If the amount is big enough, the charity should give you an acknowledgment, to the effect that "no goods or services were received in exchange for this contribution", and from their end, that will be perfectly correct.


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