
Thank you for considering a donation to the Reining Horse Foundation (RHF), a 501(c)(3) organization, in support of the Lawson Trophy Statue Project.
In exchange for your contribution, the RHF will provide recognition of your donation on the statue. The RHF will provide a good faith estimate of the fair market value of this recognition.
The amount of your contribution that is deductible for federal income tax purposes is limited to the excess of the amount contributed over the fair market value of the recognition provided.
No other goods or services will be provided in return for your contribution.
Example: Mr. Jones donates $10,000 towards the RHF Lawson Trophy Statue Project. Assuming the fair market value of the recognition on the statue is $1,000 (this amount is being used for example purposes only), Mr. Jones would receive from the Reining Horse Foundation a written acknowledgment stating that the deductible charitable contribution is $9,000 for federal income tax purposes.
You will receive a written disclosure statement from the RHF with the specific details, as required under IRS regulations.
Please retain that acknowledgment as your receipt and consult your tax advisor to determine the deductibility of your contribution based on your individual tax situation.
