Icon Systems

Simple to use. Power to grow.

Donation Quiz

To start the quiz, click the blue ‘Start’ button below.

73
Created on

Donation Recording Quiz

This quiz will test a person's knowledge on recording various types of donations.

Your results are for personal use and only available to you.

1 / 10

Category: Vehicle Donations

Question:

Does the church or donor provide the claimed value of the vehicle, boat, or airplane over $500.00?

 

2 / 10

Category: Volunteer Time and Service

Question:

Can volunteers claim a tax deduction for their time and services provided to the church?

3 / 10

Category: Quid Pro Quo

Question:

The church charges $100.00 for a fall festival dinner. The meal is valued at $30.00 and the donation is $70.00. Does the church need to provide a written acknowledgement for the $70.00 donation?

According to the IRS website a written acknowledgement is needed for a contribution over $250.00. The exact wording is "A donor claiming a deduction of $250 or more is also required to obtain and keep a contemporaneous written acknowledgment for a charitable contribution ." For a single donation under $250.00 the donor can provide their own records to prove the donation -- ie like bank records, credit card receipts. Or the church can provide the written acknowledgement but they are not mandatory to do so. Keep in mind if there are multiple donations that total to $250.00 or more, then the church must do a written acknowledgement of all the donations and the dates of them.

4 / 10

Category: General Questions

Question:

Does the church have to provide a written acknowledgement for a single donation under $250.00?

5 / 10

Category: GIK - Or Non-cash donations

Question:

What IRS form does the church have to fill out within 125 days, if they decide to sell or dispose of a non cash donation that is worth more than $5,000.00? 

6 / 10

Category: GIK - Or Non-cash donations

Question:

For gift in kind (non-cash) donations under $5,000.00, who determines the fair market value of the donation(s)? 

7 / 10

Category: Vehicle Donations

Question: 

Generally speaking, how many days after a vehicle donation greater than $500.00 does the church have to furnish the donor with the IRS form 1098-C?

8 / 10

Category: Vehicle Donations

Question:

When a vehicle is donated that is claimed to have a value of more than $500.00, what IRS form must the church fill out? 

9 / 10

Category: General Questions

Question:

For private mail carriers and in person donations what is the deadline date for donations in the current year?

10 / 10

Category: Vehicle Donations

Question: 

Can a donor donate an airplane or a boat to a church?

Enter your email and name then click the finish flag to see your results!

We will send you fun and infrequent information.

Your score is

LinkedIn Facebook VKontakte
0%

Exit

This quiz can be shared with others with the proper given attribution to the creator Icon Systems, commonly called the CC BY license.