Each year, nonprofit organizations send contribution statements to donors—usually by the end of January. This statement helps you keep track of your charitable giving and can be used when filing your taxes.
🙋🏽♂️ How to Receive Your Statement
Your nonprofit is responsible for issuing your contribution statement, so the best way to get it is by reaching out to them directly. Your statement will include:
- ✅ All confirmed donations made through Overflow
- ✅ Any imported donations from your nonprofit’s previous giving platform (if they chose to import them)
Note:
- ❌ Refunded, voided, and declined transactions will not appear.
- 👀 Want a preview? You can check out all your contributions anytime in the Contribution module of your Donor Profile.
- 🏡 Multiple people in a household? Statements can only be issued individually for each Donor Profile. (Unfortunately, they cannot be combined.)
🧠 Things to Keep in Mind
- 📧 No email on file? Your nonprofit won’t be able to send your statement electronically, which may cause a delay in receiving it. Make sure your contact details are up-to-date in your Donor Profile.
- 📬 Prefer a mailed copy? We recommend contacting your organization to see if they can send one to you.
- If your nonprofit uses Overflow to send statements, you’ll receive an emailed document, and it will also be available for download in your Donor Profile. 📥
- Your organization’s legal name will appear on your statement and may be different from the DBA (Doing Business As) name you’re familiar with. However, it is correctly linked to the nonprofit’s EIN for official records.
- Your organization’s legal name will appear on your statement and may be different from the DBA (Doing Business As) name you’re familiar with. However, it is correctly linked to the nonprofit’s EIN for official records.
- If your organization is not partnered with Overflow for both cash and noncash giving, you may receive separate statements for each.
- If any contributions are incorrect or missing, please contact your organization directly for assistance. (Overflow cannot make corrections on their behalf.)
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📈 Donated non-cash gifts? As required by federal tax law, donors are responsible for documenting both the cost basis and fair market value of non-cash gifts (e.g., stocks, mutual funds, or other securities) for tax purposes.
- Fair Market Value (FMV): 🔗 IRS Publication 561 ("Stocks and Bonds")
- ⚠️ If the liquidated value appears on your statement, we do not recommend using it, as it may not accurately reflect the fair market value at the time the shares were received.
- We always recommend consulting with a tax professional to ensure you’re receiving the full benefit of your generous gift.
- 🧾 Donated $250 or more? For tax filing purposes, the IRS requires a written acknowledgment for any single donation exceeding this amount.
- Acknowledgement letters serve as formal receipts, detailing the donation amount (except for noncash assets) and confirming whether any goods or services were received in exchange for the gift.
- Contribution statements are still helpful for tax purposes and serve as a summary of your giving, so be sure to keep them for reference!