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Subject:	Re: How to handle corporate donations
From:	Bdh612-ess <[log in to unmask]>
Reply To:	Bdh612-ess <[log in to unmask]>
Date:	Wed, 28 Aug 2013 14:27:10 -0400
Content-Type:	multipart/alternative
Parts/Attachments:	text/plain (2336 bytes) , text/html (5 kB)

First does do this - give them a call and ask about the "grants program" - there's not much about it on the web site, but I have confirmed the purpose of the program with First directly when I thought we might have the same need.

Brian


Sent from my iPhone

On Aug 28, 2013, at 1:42 PM, Phil Smith III <[log in to unmask]> wrote:

> Yeah, I asked my accountant, who replied promptly:
>  
> The team would actually have to be part of FIRST and file a combined income tax return to be covered by the exemption that FIRST already has.
>  
> An alternate way I have seen this done is for contributions to be made to FIRST, for example, and then they give them to the local organization.  That way the contributions are deductible since they were actually made through FIRST and then FIRST makes a grant to the local organization.
>  
> Since FIRST isn’t going to do that for several thousand teams, that’s not an option. O well, it was a good thought, Anastasia!
>  
> …phsiii
> From: First Lego League in Virginia and DC [mailto:[log in to unmask]] On Behalf Of Darlene Pantaleo
> Sent: Wednesday, August 28, 2013 10:29 AM
> To: [log in to unmask]
> Subject: Re: [VADCFLL-L] How to handle corporate donations
>  
> You cannot use FIRST because funds are not going directly to FIRST. You can have them filtered through an account at your child's school. They set up an account for robotics. You will have to have a PO issued prior to spending any money. FIRST will accept POs as payment as it is a contract.
>  
> Otherwise, you would have to have a group such as Ruritans, Scouts, 4-H, Rotary, or the like filter your funds for you. PTA could filter it, but they have the right to say "no".
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