Fund Raising Policy
There are three levels of fund
raising activities: Club Fundraiser,
Athlete Fundraiser and Athlete
Sponsorship
Club Fundraiser
The purpose is to raise funds to
cover operating expenses such as:
annual club registration, annual
corporaton fee, practice
site insurance, site rental,
uniforms, equipment ...etc. 100% of
proceeds are deposited into the
Club's General Fund.
Athlete Fundraiser
The purpose is to raise funds for
athlete expenses such as: club
registration fee, USATF membership
fee, athlete track related expenses
(travel, equipment, shoes.....etc.)
100% of proceeds must be deposited
in the Club's General Fund to
qualify as a tax deduction under the
Club's non-profit status. However,
80% of funds raised in this manner
are tracked in individual athlete
categories for each participating
athlete for their exclusive use. 20%
remains in the Club's General Fund.
Athlete funds are dispersed by the
Club on behalf of the athlete for
track related expenses. Any unused
funds raised during the current
season will rollover to the next
season.
Athlete Sponsorship
The purpose is to raise funds for
athlete expenses such as: club
registration fee, USATF membership
fee, athlete track related expenses
(travel, equipment, shoes ...etc.)
100% of proceeds must be deposited
in the Club's General Fund to
qualify as a tax deduction to the
donor/sponsor under the Club's
non-profit status. 100% of funds
raised in this manner are tracked in
individual athlete categories for
each participating athlete for their
exclusive use. Athlete funds are
dispersed by the Club on behalf of
the athlete for track related
expenses. Any unused funds raised
during the current season will
rollover to the next season.
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