Taxes and Your Fundraiser

 

Personal Fundraisers

Donations to personal fundraisers made on Generosity are not tax-deductible. A donation to a personal fundraiser is considered a gift. We always recommend that you speak with your tax advisor about your specific situation, as we can not provide tax or legal advice.

Nonprofits

Donations made to nonprofit fundraisers may be tax deductible.  Generosity by Indiegogo is unable to offer tax receipts for donations made to a fundraiser for a nonprofit. Any tax receipts would come from the recipient nonprofit directly, rather than from Generosity by Indiegogo. If you are donating to a nonprofit fundraiser, we recommend that you contact the organizer directly to find out if your donation is tax deductible. We always recommend that you speak with your tax advisor about your specific situation, as we can not provide tax or legal advice.

Please note: Donor's addresses are only collected as shipping addresses if/when a donor claims a Donation level, where you've selected 'Shipping address required.' Keep in mind that Generosity does not collect the shipping addresses or other addresses for donors who do not claim a Donation level. Should you need to send them a physical tax receipt, you'll need to collect their billing/shipping addresses off-platform by contacting the donor via their email address found on your dashboard.

 

Will Generosity send me a 1099, or other tax form?

Generosity/Indiegogo will send 1099-K forms to U.S.-based Fundraiser Organizers who have met both the below criteria:

  • Your Fundraiser had $20,000+ disbursed by Generosity/Indiegogo
  • Your Fundraiser had more than 200 contributions.

If you have not already provided your Tax Identification Number to Generosity/Indiegogo, we will ask you to complete a W-9 with your name, address and tax identification number (TIN). Please note that we require the TIN of the person/entity listed on the receiving bank account. The person/entity listed on the receiving bank account will be the one reported to the IRS.

Note: If your Fundraiser does not meet this criteria, Generosity will not send you tax forms.

In all cases, Generosity is not able to offer tax advice. We suggest seeking advice from your tax accountant on how to report your funds.

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