Hello,
We wondering if anyone had a standard formula for calculating the percentage of a museum membership that is tax deductible. Like most museums, we offer benefits to people who join and have pegged the number of benefits to the level of membership. Do any of you who work in development or membership have a formula that you use to determine the value of those benefits received? We are concerned that if we estimate a high value to member benefits then the amount of the membership that is tax-deductible becomes very low. As a result, membership in the museum would not be very attractive.
Thank you,
Deborah O'Neill
Director of Education
Mount Vernon Hotel Museum & Garden
421 East 61st Street
New York, NY 10065
(212) 838-6878
www.mvhm.org
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