WHEELS THROUGH TIME MUSEUM DOCUMENTATION REQUIREMENTS OF CHARITABLE DONATIONS/ SPONSORSHIP IRS regulations require a charitable organization to provide a written disclosure statement to donors of donations of $250 or more. It is the policy of Wheels Through Time Museum to provide all donors of $250 or more with a written acknowledgment of their donation within 30 days of receipt of the donation. The written acknowledgment to substantiate the charitable contribution of $250 or more shall include the following: 1) Name of organization ( Wheels Through Time Museum). 2) Amount of the contribution. 3) Description( but not value) of a non-cash contribution 4) Statement that no goods or services were provided by Wheels Through Time Museum if that is the case. 5)If any provided, a description and good faith estimate of the value of goods or services that Wheels Through Time Museum provided in connection with the contribution. QUID PRO QUO IRS regulations require a charitable organization to provide a written disclosure statement to donors of a Quid Pro Quo contribution in excess of $75. A Quid Pro Quo contribution is a payment made to a charity by a donor, partly as a contribution and partly for goods or services provided to the Donor by the charity. For example, if a donor gives a charity $500 and receives an admission ticket valued at $100, the Donor has made a Quid Pro Quo contribution. In this example, the deductible portion of the contribution is $400. The charity is required to provide the Donor with a written statement which: 1) Informs the Donor that the amount of the contribution that is deductible for federal income purposes is limited to the excess of the value of any contribution by the Donor over the value of the foods or services provided by the charity AND 2) Provide the Donor with a good faith estimate of the value of the goods and services that the Donor received. NO DISCLOSURE IS REQUIRED WHEN 3) The goods or services given to a donor meets the standard for insubstantial value or 4) There is no donative intent involved on the part of the Donor. I. E. someone who purchases an item from the gift shop INSUBSTANTIAL VALUE Wheels Through Time Museum considers a benefit to be insubstantial or a disregarded benefit if the goods or services provided to the Donor if purchased on the open market would be less than 2% of the donors or sponsorship payment or if the services provided were provided at no additional out of pocket costs by the Museum to the Donor. I.E., the Donor was provided with an exclusive guided tour of the Museum, and/or after the tour, the Donor was provided with a museum souvenir tee-shirt costing less than 2% of the donation. REQUEST FOR TESTIMONIALS As part of the Wheels Through Time Museum marketing and funds solicitation program, the Museum may request that selected donors provide video testimonials of their on-site experiences at the Museum and their support of the mission of the Museum. For those donors selected who agree to provide written disclosures allowing the Museum to use and distribute their video testimonials to the general public, the Museum will cover the cost of travel expenses or provide reimbursement of documented travel expenses in accordance with IRS Per Diem guidelines to the selected donors. Any reimbursement for travel expenses must be supported with receipts and have prior approval by the management of Wheels Through Time Museum.