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First Lego League in Virginia and DC

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From:
Phil Smith III <[log in to unmask]>
Reply To:
Phil Smith III <[log in to unmask]>
Date:
Wed, 28 Aug 2013 10:42:57 -0700
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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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