growing class funds. agenda h istory p urpose a dvantages t ax i mplications f undraising guidelines...
TRANSCRIPT
GROWING CLASS FUNDS
AGENDA
HISTORYPURPOSE
ADVANTAGESTAX IMPLICATIONS
FUNDRAISING GUIDELINESPROCESS
PAYMENTS & EXPENSE PROCEDURECLASS OF 1942
QUESTIONS
HISTORY
SENATE 2009 – DISCUSSIONS WITH CLASS OFFICERS/DEVELOPMENT BEGIN
SENATE 2010 – PLAN APPROVED AND PRESENTED TO CLASS OFFICERS
SPRING 2010 - IMPLEMENTATION
PURPOSE
ALLOWS CLASSES TO COLLECT VOLUNTARY FUNDS FROM CLASS MEMBERS
USE FUNDS TO SUPPORT CLASS ACTIVITIES SUCH AS:Reunion funding
Mini-Reunions on campus
Class Masses
Mailings/Class Newsletter
Alumni Leadership Conference Fees
Responding to Individual Hardship (flowers, etc.)
Donations to the class scholarship fund
ADVANTAGES
SMOOTH TRANSITION IN THE EVENT OF AN OFFICER CHANGE
LESS RISK AND LIABILITY FOR YOU You cannot open an account using “The
University of Notre Dame” in the account name
ACCOUNTS WILL RECEIVE INTEREST INCOME
FUNDS COLLECTED CAN BE CONSIDERED A TAX-DEDUCTIBLE DONATION TO THE UNIVERSITY
TAX IMPLICATIONS
AS LONG AS THE CLASS CONTRIBUTIONS ARE USED FOR THE BROAD GENERAL PURPOSES OF THE CLASS, AS OUTLINED PREVIOUSLY, THE VOLUNTARY DUES COULD BE CONSIDERED A TAX-DEDUCTIBLE DONATION TO THE UNIVERSITY.
DONATIONS TO THE CLASS OPERATING FUNDS WILL COUNT TOWARDS THE CLASSMATE’S ANNUAL GIVING RECORD AND FOOTBALL TICKET LOTTERY MINIMUMS.
CLASS FUNDS ARE NOT TO BE USED FOR ANY PURPOSE THAT WOULD BENEFIT A SMALL PORTION OF CLASSMATES BECAUSE THIS “PRIVATE BENEFIT” WOULD ELIMINATE THE TAX DEDUCTIBILITY OF THE DONATIONS.
FUNDRAISING GUIDELINES
REQUEST A $25 DONATION FROM CLASSMATES IN JANUARY OR FEBRUARY VIA EMAIL OR MAILING
ENCOURAGE CLASSMATES TO MAKE THIS DONATION IN ADDITION TO THEIR CURRENT SUPPORT OF THE UNIVERSITY
DIRECT CLASSMATES TO USE ONLINE DONATION FORM SET UP BY THE ALUMNI ASSOCIATION TO MAKE THEIR DONATION
Ensures donation goes to the class operating fund
http://supporting.nd.edu
PROCESS
CONTACT JANE NAGY (INTERIM COORDINATOR)[email protected]
SHE WILL REQUEST AN ACCOUNT BE SET UP FOR YOUR CLASS AND PROVIDE YOU WITH THE ACCOUNT NUMBER
CONTACT JANE FOR BALANCE UPDATES AS NEEDED
PAYMENTS & EXPENSE PROCEDURE
ON-CAMPUS EVENT EXPENSESLet Jane Nagy know when and where you are having your
eventJane will provide the vendor with your account informationNot necessary to fill out an expense formYour class account will be debited after event
OUT-OF-POCKET EVENT EXPENSESContact Alumni Association for expense formComplete expense form• Need original copies of receipts and/or invoicesSubmit expense form with appropriate receipts and/or invoicesemail, fax or mail to:Jane Nagy, 100 Eck Visitors Center, Notre Dame, Indiana,
46556Email [email protected], FAX 574-631-7902Check will be mailed to you within 10-14 days
EXAMPLE
CLASS OF 1942MANAGED THEIR OWN ACCOUNT
UNTIL MAY, 2012MOVED CLASS FUND BALANCE TO
NOTRE DAMEWE ASSIST WITH HOLY CROSS
ENROLLMENT, PAY NEWSLETTER EXPENSES, FACILITATE CLASS DONATIONS WITH DEVELOPMENT