Norma Plett
NYS Treasurer
When do I send in EF, LAF and Bina Roy Fund Donations?
Can't I put donations into the branch checking account
and send one check?
- To comply with IRS regulations, money raised for the AAUW Educational
Foundation and AAUW Legal Advocacy Fund cannot be co-mingled with
dues or operating funds, or diverted for any other purpose. Use
separate bank accounts.
- In limited circumstances, you may need to process or retain
for a short time Educational Foundation and Legal Advocacy Fund
contributions (though not generally checks written directly to
the corporation). In those cases, you must maintain separate bank
accounts for the Educational Foundation and Legal Advocacy Fund.
How do I acknowledge donations?
- Only contributions submitted to the Educational Foundation or
the Legal Advocacy Fund may be acknowledged with an official tax
receipt.
- Branches and states cannot provide the donor with a receipt
recognized by the IRS. The Educational Foundation or Legal Advocacy
Fund will provide the receipt.
- Contributions to Bina Roy fund IFUW are not tax deductible.
Also available is a letter from former treasurer Mary King specifying some of the IRS-specific criteria for handling of donations for EF, LAF and Bina Roy. Please note that the officers named in the letter are not the current officers. |