TO RAISE MONEY FOR YOUR CAUSE
A FEW THINGS TO KNOW ABOUT DOING YOUR OWN FUNDRAISING:
- To be able to write off donations, you must have non-profit 501C3 status.
- A non-profit 501C3 status cannot be obtained for the purposes of benefiting one person.
- You can open a Special Needs Trust fund with a lawyer to track fundraising expenditures, but you still need to get your own bank account and tax ID number.
- You will have to fill out a yearly tax return on the Special Needs Account.
- Donators cannot write off donations to a Special Needs Account.
THIS IS WHAT WE ARE HERE FOR.
We went through the process of dealing with the tragedy of a family member's spinal cord injury. We found out what kinds of items and services we would need, how much they would cost, and how much insurance did not cover. We created an organization just for this purpose.
We've submitted the 501C3 application to become a non-profit organization. We are currently operating as a full fledged non-profit organization; the status of our application does not affect our activities. Funds are raised and items are disbursed as we would under approved non-profit status. In addition, all donations made will retro back to the time of company inception once our application has been approved.
HOW WE'LL HELP YOU
There are two major ways we can help alleviate costs for you:
If you or a friend / family member have been paralyzed as a result of a spinal cord injury and need a specific piece of equipment, adaptive device(s), or some type of renovation cost paid for, we have a small amount of funds that could help pay for this. Realistically, this would probably be worth $1000 or less. Download the application for disbursement below & fax or mail it in to us.
If you or a friend / family member have greater expenses that you need covered, we can work with you to host fundraising activities. Any donations by FOFTA coordinating the event, WILL be tax deductible. Please read the terms and conditions of the following agreement. We will need your help to make your event successful. Download the application for fundraising below & fax or mail it in to us.
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USE OF OUR FUNDS
What items or services are you in need of?
FUNDS CURRENTLY AVAILABLE FOR USE
If you need an item/s that costs approx. $2000 or less, you could fill out an Application for Dispursement Form. If FOFTA, has the funds and approves the purchase, FOFTA will purchase the item and have it shipped to the applicant.
IF WE DO NOT HAVE THE NECESSARY FUNDS
If FOFTA does not have the funds, or the cost is more than approximately $2000, you can apply to FOFTA by filling out the Application for Fundraising. Unavailability of funds DOES NOT mean we can't purchase the items you need.
TO OBTAIN THE NECESSARY FUNDING FOR YOU
A dedicated family member or friend would work with FOFTA to coordinate a fundraising event, or several if necessary. The money will be reserved for purchases for that particular applicant.
Individuals contributions will be accepted on behalf of the applicant as well.
FOFTA will take 2% of all deposits.
In order to use the funds for purchasing items, an application for disbursement would need to be completed.
FOFTA will pay the vendor or contractor for the item or service.
SPECIFICATIONS REGARDING OUR FUNDING
Funds are not directly dispursed to an individual. Upon obtaining the necessary funding, we provide you with the service or item for which you submitted an application.
Any money left over upon termination of contract with FOFTA, will become sole property of FOFTA.
FOFTA will send a monthly statement of your account via email detailing all deposits and disbursements. If statements are needed at any additional times, they can be requested via email and will be sent within a day or so.
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