hey. a few of you may remember me from a few months back. (shoutout: HEY JOE!)
anyway, a friend of mine is on disability and cannot work. his <i>dream</i> is to go to BM. I work five days a week but am a full-time student and cannot afford to take him myself. I plan to raise money in order to take him through getting a second job and doing all the fundraisers i can. my friend is going blind so i have to take him this coming august so that he will be able to enjoy the festival to its full extent. i was wondering if it is actually, ya know, <i>legal</i> to use fundraisers for this purpose? what if we claim ourselves to be the "curch of the man"? eh. okay, so it is probably severely illigit, but oh well. i wanted to go, but now im more worried about getting him there. i mean, i can go any year that it occurs, but we dont know how long he'll have his sight.
Legality of fundraisers
Legality of fundraisers
-Tripp
I was gonna call 911 but i was downloading a file.
I was gonna call 911 but i was downloading a file.
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Bob
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So... you haven't been to the event, and you want to send a blind guy instead?
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"Let us say I suggest you may be human." -- Reverend Mother Gaius Helen Mohiam
"Let us say I suggest you may be human." -- Reverend Mother Gaius Helen Mohiam
Reminds me of the 5 blind men / elephant story.
ObTopic: You can conduct fundraisers for goat molesters, for all anyone cares. But you have to be a legal not-for-profit organization (S-corp, LLC, etc) if you want the donors to be able to write it off on their taxes. Rather than setting up your own, you'd be a lot better off trying to coordinate through an existing org like Make A Wish. But for so little money (what, a couple grand?) I'd just go out looking for donors who don't mind not being able to get the tax writeoff.
ObTopic: You can conduct fundraisers for goat molesters, for all anyone cares. But you have to be a legal not-for-profit organization (S-corp, LLC, etc) if you want the donors to be able to write it off on their taxes. Rather than setting up your own, you'd be a lot better off trying to coordinate through an existing org like Make A Wish. But for so little money (what, a couple grand?) I'd just go out looking for donors who don't mind not being able to get the tax writeoff.
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geekster
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That isn't exactly true. Anyone person can give another person a gift of up to, I think, $30,000 or so. BUT, if you deduct it from your income taxes, the person receiving the gift must report it on THEIRS. This is often used by people who are in a high tax bracket. They transfer a large sum to a minor child, for example, who is in a much lower tax bracket. So yeah, you can do a fundraiser and even get tax deductible gifts as long as YOU pay income tax on the gift.
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