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<div data-externalstyle="false" dir="ltr" style="font-family: 'Calibri', 'Segoe UI', 'Meiryo', 'Microsoft YaHei UI', 'Microsoft JhengHei UI', 'Malgun Gothic', 'sans-serif';font-size:12pt;"><div>Are we over thinking this?</div><div>Can Kathleen pipe in on the tax deduction issue?</div><div>I thought it is only considered a charitable donation when nothing is received in return?</div><div>So if they are getting a ticket is that even deductible?</div><div>As a business the sponsorship of a table is considered advertising but I guess if an individual sponsored a table writing the check to the foundation may be a tax benefit.</div><div><br></div><div>I can see donations for the park (where nothing is received in return) being made out to the Foundation for the tax benefit of the donor.</div><div>But are we complicating this issue with the way it is being used for Casino Night?</div><div><br></div><div>Ray<br></div><div data-signatureblock="true"><div><br></div><div>Sent from Windows Mail</div><div><br></div></div><div style="padding-top: 5px; border-top-color: rgb(229, 229, 229); border-top-width: 1px; border-top-style: solid;"><div><font face=" 'Calibri', 'Segoe UI', 'Meiryo', 'Microsoft YaHei UI', 'Microsoft JhengHei UI', 'Malgun Gothic', 'sans-serif'" style='line-height: 15pt; letter-spacing: 0.02em; font-family: "Calibri", "Segoe UI", "Meiryo", "Microsoft YaHei UI", "Microsoft JhengHei UI", "Malgun Gothic", "sans-serif"; font-size: 12pt;'><b>From:</b> <a href="mailto:hhauck@mcn.org" target="_parent">Harold Hauck</a><br><b>Sent:</b> Sunday, February 15, 2015 11:07 PM<br><b>To:</b> <a href="mailto:JPorter631@aol.com" target="_parent">JPorter631@aol.com</a>, <a href="mailto:schuler.donna@gmail.com" target="_parent">Donna Schuler</a>, <a href="mailto:Rotary@lists.mcn.org" target="_parent">Rotary@lists.mcn.org</a></font></div></div><div><br></div><div dir=""><div class="WordSection1"><p class="MsoNormal"><span style='font-family: "Arial",sans-serif; font-size: 10pt;'>John,</span></p><p class="MsoNormal"><span style='font-family: "Arial",sans-serif; font-size: 10pt;'>You raise an interesting point, the checks for a Rotary Club fund raising event like Casino Night need to be made out to the Mendocino Rotary Foundation for tax deduction purposes. However, I think I as the Rotary Club Treasurer I should receive all checks and cash generated by Casino Night. I will deposit any cash in the Activities Account and log all checks received. I will then deliver those checks to the foundation for them to deposit into their account and when I receive a check from the foundation representing the total Casino Night check deposits, I will in turn deposit the Foundation’s check in the clubs Activity account.</span></p><p class="MsoNormal"><span style='font-family: "Arial",sans-serif; font-size: 10pt;'>I think that will be the simplest way to handle it.</span></p><p class="MsoNormal"><span style='font-family: "Arial",sans-serif; font-size: 10pt;'>Harold</span></p><p class="MsoNormal"><span style='font-family: "Arial",sans-serif; font-size: 10pt;'> </span></p><div><div style="border-width: 1pt medium medium; border-style: solid none none; border-color: rgb(225, 225, 225) black black; padding: 3pt 0in 0in; border-image: none;"><p class="MsoNormal"><b><span style='font-family: "Calibri",sans-serif; font-size: 11pt;'>From:</span></b><span style='font-family: "Calibri",sans-serif; font-size: 11pt;'> rotary-bounces@lists.mcn.org [mailto:rotary-bounces@lists.mcn.org] <b>On Behalf Of </b>JPorter631@aol.com<br><b>Sent:</b> Sunday, February 15, 2015 9:19 PM<br><b>To:</b> schuler.donna@gmail.com; Rotary@lists.mcn.org<br><b>Subject:</b> Re: [Rotary] Regarding ticket sales for Casino Night</span></p></div></div><p class="MsoNormal"> </p><div id="role_document"><div align="center"><table width="100%" tabindex="-1" class="MsoNormalTable" style="width: 100%;" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td width="100%" style="padding: 5.25pt; width: 100%;"><div id="role_body"><div><p class="MsoNormal"><span style='color: black; font-family: "Bodoni MT",serif; font-size: 13.5pt;'>Keep in mind checks made out to the Foundation are NOT available for meeting the Club's expenses and avenues of service. I think it is a bad idea to tell people </span><span style='color: black; font-family: "Bodoni MT",serif; font-size: 14pt;'></span></p></div><div><p class="MsoNormal"><span style='color: black; font-family: "Bodoni MT",serif; font-size: 13.5pt;'> to make checks to the Foundation. We lose control of how that money is spent. The CLUB will make donations to the Foundation depending on what we can afford in light of other commitments. John P</span><span style='color: black; font-family: "Bodoni MT",serif; font-size: 14pt;'></span></p></div><div><p class="MsoNormal"><span style='color: black; font-family: "Bodoni MT",serif; font-size: 14pt;'> </span></p></div><div><p class="MsoNormal"><span style='color: black; font-family: "Bodoni MT",serif; font-size: 14pt;'> </span></p></div><div><div><p class="MsoNormal"><span style='color: black; font-family: "Bodoni MT",serif; font-size: 14pt;'>In a message dated 2/15/2015 8:17:45 P.M. Pacific Standard Time, <a href="mailto:schuler.donna@gmail.com" target="_parent">schuler.donna@gmail.com</a> writes:</span></p></div><blockquote style="border-width: medium medium medium 1.5pt; border-style: none none none solid; border-color: black black black blue; padding: 0in 0in 0in 4pt; border-image: none; margin-top: 5pt; margin-bottom: 5pt; margin-left: 3.75pt;"><div><div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif;'>Hi everyone,</span></p></div><div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif;'>The question came up at our table at last weeks meeting. "Who should I turn the money in to- for the ticket sales, Harold?"</span></p></div><div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif;'>My recommendation is that if it is a check, or checks, mail to: </span></p></div><div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif;'>Mendocino Rotary Club</span></p></div><div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif;'>PO Box 102</span></p></div><div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif;'>Mendocino, CA 95437</span></p></div><div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif;'>If cash, of course it will need to be given to Harold.</span></p></div><div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif;'> </span></p></div><div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif;'>Another question that came up, " Who should they make out the checks to?" The answer is: Mendocino Rotary Foundation (which is a 501c3). Most everyone would like to make a donation with a tax benefit, so have them made out to our Mendocino Rotary Foundation.</span></p></div><div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif;'> </span></p></div><div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif;'>Do you have thoughts regarding these questions? President John, can we bring up this topic for brief clarification at our next meeting? We finally have s system established for accepting checks for Rotary Park and the Foundation, and giving thank you notes in a timely manner. We could discuss, or maybe run a scenario, because I expect I'll hear some questions, such as how much of the funds raised from Casino Night are to go for various projects? I am wondering if we are going to use percentages.</span></p></div><div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif;'>Thanks,</span></p></div><div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif;'>Donna </span></p></div><div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif; font-size: 10pt;'> </span></p></div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif; font-size: 10pt;'>-- </span></p><div><div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif; font-size: 10pt;'>Donna Schuler</span></p></div></div></div><p class="MsoNormal"><span style='color: black; font-family: "Arial",sans-serif; font-size: 10pt;'><br><br>_______________________________________________<br>Rotary mailing list<br><a href="mailto:Rotary@lists.mcn.org" target="_parent">Rotary@lists.mcn.org</a><br><a href="http://lists.mcn.org/mailman/listinfo/rotary" target="_parent">http://lists.mcn.org/mailman/listinfo/rotary</a></span><span style='color: black; font-family: "Bodoni MT",serif; font-size: 14pt;'></span></p></blockquote></div></div></td></tr></tbody></table></div><p class="MsoNormal"> </p></div></div>
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