Duco is regularly approached by charities to help increase their brand awareness and assist with fundraising initiatives.

In order to isolate these organisations from the inherit risk of producing events, our policy is that we fully underwrite an agreed budget for the event and agree upon a set fee before commencing work. Both parties recognise that Duco maintains full control and ownership of the event.

Once all of the costs of the event are accounted for, the charity receives all revenue generated from tickets sales, sponsorship and auction proceeds. Associated costs of the event include any reserves, complimentary tickets and the costs of delivery.

Duco does not charge commission on sponsorship or auction revenue, nor do we mark-up consumables or supplier’s bills.  After an event has been concluded our management will audit the accounts in conjunction with the charity.  Settlement of the proceeds will normally occur no later than three months after the event on the 30th of the Month.

Duco often receives requests for receipts in respect of “donations” made at these events.  It is important to note that the Inland Revenue Department takes the position that a donation is a payment where nothing is received in return.  As such, the purchase of tickets to events and the purchase of auction items do not constitute a donation and you are unable to claim a tax rebate for these purchases.  This is due to the fact that you are receiving something in return for the purchase.  As such, neither Duco nor the charity concerned will issue receipts for donations in respect of these events. 

Due to the volume of transactions for each event, Duco does not automatically issue a tax invoice for ticket or auction purchases.  However, Duco will meet it’s obligations under New Zealand tax law and issue a tax invoice within 28 days of a request being made by the purchaser.  Any invoices issued will be specific and in respect of the tickets or auction items purchased.  These invoices will include a specific disclaimer indicating that the invoice is in relation to the purchase of a particular item and does not constitute a donation. 

Duco does not accept donations on behalf of the charity. We ask that donations are made directly to the organisations in question.