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Fundraiser Buyouts

Defamation Law Discussion Forum

Fundraiser Buyouts

Postby Edwardo » Tue Dec 06, 2016 1:47 pm

I am trying to locate information on the IRS's website that pertains to booster club fundraiser buyouts but I'm having a difficult time. The booster club at our high school is enforcing a mandatory buyout for any fundraiser when the minimum requirement of sales isn't met by the student. Where can I locate this information?
Edwardo
 
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Fundraiser Buyouts

Postby Federico » Wed Dec 07, 2016 11:08 pm

I am trying to locate information on the IRS's website that pertains to booster club fundraiser buyouts but I'm having a difficult time. The booster club at our high school is enforcing a mandatory buyout for any fundraiser when the minimum requirement of sales isn't met by the student. Where can I locate this information?
Federico
 
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Joined: Sun Jan 12, 2014 6:00 pm

Fundraiser Buyouts

Postby Destrey » Fri Dec 09, 2016 1:24 pm

First I can inform you that the IRS rules only apply to a 501(c)(3) organizations.  You are asking about a "booster club at our high school".  Is that booster organization an IRS approved 501(c)(3) organization?  If so, it would be a separate entity from the school board.  I will assume so and answer, but, if my assumption is not correct, let me know and I will reply further. A 501(c)(3) booster organization may not require families to participate in fundraisers.  Many families do not know that so they join a a 501(c)(3) organization and, thereby, agree to the regulations of that particular organization. Let me know whether the booster organization states or implies that, if families do not join, their children will not receive benefits.  That would be prohibited.  My summary of IRS regulations relating to 501c3 booster organizations is at:http://goo.gl/ULw6f6

and you may be interested to read that as it refers to different pages on the IRS site. Harvey Mechanic, Attorney at Law - [email protected]

P.S. This response is intended to be a general statement of law, should not be relied upon as legal advice and does not create an attorney/client relationship.  
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