GiveSendGo makes it simple to raise and give funds, but you may still have questions about taxes. Whether you’re receiving money or contributing to a campaign, we'll break down what you need to know about how donations are generally treated for tax purposes on our platform in this article.
In most cases, no. Funds raised through GiveSendGo are generally considered personal gifts and not taxable income, as long as nothing is offered in return for a donation.
When creating a campaign, campaign owners agree to this, as do recipients when they accept an invitation to join the campaign. As outlined in our Terms of Service:
Because of this:
GiveSendGo does not issue 1099s or tax forms to campaign recipients
We do not report donations to the IRS on behalf of campaign owners
Donations made through GiveSendGo are not typically tax-deductible. That’s because GiveSendGo is not a registered 501(c)(3) nonprofit organization, and most campaigns on our platform are created by individuals, small businesses, or informal groups that do not have charitable tax-exempt status.
That said, there are a few exceptions:
If the recipient of the funds is a verified 501(c)(3) nonprofit, your donation might qualify as tax-deductible
We
do not verify nonprofit status for individual campaigns, and the email
confirmation you receive after giving is not a formal tax receipt