How does Sumac handle recording a benefit received to the donor on tax receipts?

How does Sumac handle recording a benefit received to the donor on tax receipts?

When you enter information about a donation, you can enter the total amount donated, and also specify a Receiptable Amount, which is the amount the donor will actually be receipted for. Usually these two amounts are the same, but if the donor is receiving some type of benefit as a result of the donation (e.g. they gave $100 at an event, but also received a $40 dinner at the event), they will only be receipted for the amount the gave minus the benefit received. Sumac tracks this information by using both a Total and Receiptable amount field to capture everything.

When you make a tax receipt, Sumac can tell which value is the official receiptable portion of the donation and can indicate the amount of the benefit the donor received as well. You can add this formula to your tax receipt template:

<<d_Benefit_Received>>

Sumac calculates the Benefit Received automatically for you based on the Total Amount and Receiptable Amount fields in the donation record.
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