How should an acknowledgment be worded?

The IRS provides the following 3 examples of written acknowledgments:

  • Thank you for your cash contribution of $300 that First Baptist Church received on December 12, 2020.
  • Thank you for your cash contribution of $350 that First Baptist Church received on May 6, 2020.  In exchange for your contribution, we gave you a cookbook with an estimated fair market value of $60.
  • Thank you for your contribution of a used oak baby crib and matching dresser that First Baptist Church received on March 15, 2020.  No goods or services were provided in exchange for your contribution.
 
Attention: Tax Law is subject to interpretation. Please be advised that the material contained on this Web site is for information only and is not intended to be a substitute for professional legal advice. The Stewardship Services Foundation endeavors to update the information on this site on a regular basis, but cannot guarantee its accuracy at all times.