Is my donation to a fundraiser taxable to me?
No. The Internal Revenue Service deems a financial contribution to be a gift. However, if you are generous enough to make a gift that exceeds the IRS Annual Exclusion (approximately $15,000), you will need to file a Gift Tax Return with the IRS. You will receive a donation receipt via email upon checkout.
Is my donation to a fundraiser taxable to the recipient?
Generally, no. In most cases, the Internal Revenue Service deems a contribution to be a gift. The IRS does not tax recipients of gifts received through a fundraising platform like ours.