How
donations are taxed depends on your role: whether you're receiving
funds or giving to a fundraiser. Here's what generally applies on
GiveSendGo.
Are Funds Raised by Recipients Taxable?
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 fundraiser, fundraiser organizers agree to this, as do recipients when
they accept an invitation to join the campaign. As outlined in our
Terms of Service:
You do not purchase any goods or receive any services from any Recipient in return for your contribution.
In
the event the Fundraiser Organizer desires to give goods/services in
response to a donation... they must first receive approval from
GiveSendGo.
Because
of this structure, GiveSendGo does not issue 1099s or other tax forms
to campaign recipients, and we do not report donations to the IRS on
behalf of campaign organizers.
If
your campaign supports a business or political cause, or includes
rewards or incentives, the IRS may treat those funds differently. We
recommend consulting a tax professional for advice specific to your
situation.Are Donations Givers Make Tax-Deductible?
Donations
made through GiveSendGo are not typically tax-deductible. GiveSendGo is
not a registered 501(c)(3) nonprofit, and most campaigns are created by
individuals, small businesses, or informal groups without charitable
tax-exempt status. GiveSendGo does not verify nonprofit status for
individual campaigns, and the email confirmation you receive after
giving is not a formal tax receipt.
That said, there is one
exception: if the recipient is a verified 501(c)(3) nonprofit, your
donation may qualify as tax-deductible.
Quick Summary
Is money I receive through GiveSendGo taxable?
Most likely not, unless the campaign involves a business, political cause, or rewards.
Is my donation to a GiveSendGo campaign tax-deductible?
Only if the recipient is a verified 501(c)(3) nonprofit.
For questions specific to your tax situation, we recommend speaking with a qualified tax professional.