The last time I checked, if you receive something for your donation, you have to subtract the value of whatever you received from your total donation amount. You can then claim that difference as a deduction on your taxes.
Example: Donate $100 to PBS and receive a $10 CD. Subtract the value of the CD from the donation: $90. You can claim a deduction of $90 on your taxes.
But in the case of a corporation, treating the whole thing as a marketing expense is probably easier and would yield the same result.
[I'm not a lawyer or tax accountant or any other kind of authority on taxes. Check with the IRS or competent council before filing your taxes!]
Example: Donate $100 to PBS and receive a $10 CD. Subtract the value of the CD from the donation: $90. You can claim a deduction of $90 on your taxes.
But in the case of a corporation, treating the whole thing as a marketing expense is probably easier and would yield the same result.
[I'm not a lawyer or tax accountant or any other kind of authority on taxes. Check with the IRS or competent council before filing your taxes!]