How to fill contributions, gifts, grants, and similar amounts received from commercial co-venture?
A commercial co-venture is the arrangement your organization had with an outside organization or an individual to use your organization's name in a sales promotion campaign wherein the latter agrees to contribute a certain percentage of their sales proceeds to your organization.
- To fill contributions, gifts, grants, and similar amounts received from commercial co-venture, you'll need to provide the name of the disqualified person and indicate if the grant received was in the form of cash or noncash.
- If it's noncash, you need to choose the type of property contributed and its equivalent FMV (Fair Market Value).
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