Fair Market Value
In accordance with IRS regulations, here are the details about Fair Market Values and tax deductible amounts.
|
Sponsorship Amount |
Ticket Amount |
Fair Market Value of Tickets |
Tax Deductible Amount |
Canvas |
$7,500 |
10 VIPs |
$700.00 |
$6,800 |
Palette |
$5,000 |
8 VIPs |
$560.00 |
$4,440 |
Paintbrush |
$2,000 |
6 VIPs |
$420.00 |
$1,580 |
Colored Pencil |
$1,000 |
4 VIPs |
$280.00 |
$720 |
Crayon |
$500 |
2 VIPs |
$140.00 |
$360 |
Scissors |
$300 |
2 Gala |
$110.00 |
$190 |
Single Ticket |
$100 |
1 Gala |
$55.00 |
$45 |
Single TicketĀ
(Early Bird)
|
$85 |
1 Gala |
$55.00 |
$30 |
Couples |
$175 |
2 Gala |
$110.00 |
$65 |
Couples
(Early Bird)
|
$150 |
2 Gala |
$110.00 |
$40 |