November 3, 2020 Candidate Packet - Flipping Book Version

H. General Rules for Reporting Nonmonetary Contributions Received on Schedule C Schedule C is used to report nonmonetary contributions received by the committee. Nonmonetary contributions are goods or services provided to the committee for which it does not pay the fair market value. The fair market value is the amount the committee would pay for the goods or services on the open market – whatever it would cost any member of the general public to obtain the same goods or services. (See Chapter 3 for assistance in determining the fair market value of a nonmonetary contribution.)

Ex 8.5 - A restaurant donates food for a committee fundraiser. The cost of the food if purchased by the committee would be $1,000. The committee must report $1,000 as the fair market value of the contribution even though the cost to the restaurant was less than the fair market value.

Examples of Nonmonetary Contributions • Items donated for a garage sale, raffle, or auction

• Poll results

• Signs, postage, and printing

• Food and entertainment provided for a fundraiser

• Discounts or rebates that are not extended to the general public

• Mailing lists, mailings, and other advertising

• Forgiveness of an accrued expense by the creditor

• Use of an office, automobile, or airplane

• Mail production, postage, printing, shipping, data and graphics

• Phone banking and public communications

• Media consulting services

• Video services

Fair Political Practices Commission advice@fppc.ca.gov

Chapter 8. 27

Campaign Manual 2 June 2020