Comments on: Role of Corporate Sponsors at Special Events http://www.stepbystepfundraising.com/role-of-corporate-sponsors-at-special-events/ Fundraising Resources for Non Profit Organizations Mon, 06 Feb 2012 18:33:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Sandra Sims http://www.stepbystepfundraising.com/role-of-corporate-sponsors-at-special-events/comment-page-1/#comment-5270 Sandra Sims Fri, 18 Jul 2008 19:25:59 +0000 http://stepbystepfundraising.com/?p=821#comment-5270 a-ha, now that makes sense. That's a great illustration, thanks Danielle! a-ha, now that makes sense. That’s a great illustration, thanks Danielle!

]]> By: Danielle Grandine http://www.stepbystepfundraising.com/role-of-corporate-sponsors-at-special-events/comment-page-1/#comment-5259 Danielle Grandine Fri, 18 Jul 2008 11:27:18 +0000 http://stepbystepfundraising.com/?p=821#comment-5259 You can think of it in relation or very similar to receipting for a portion of the ticket cost to an event - part of the ticket cost goes to pay for the event cost and the portion above and beyond the value of the ticket cost that will be donated to support the cause of the event can be receipted to the individual. I.e. the cost of attending the event is $175 and the actual ticket price is $250 - they could receive a receipt for $75. You can think of it in relation or very similar to receipting for a portion of the ticket cost to an event – part of the ticket cost goes to pay for the event cost and the portion above and beyond the value of the ticket cost that will be donated to support the cause of the event can be receipted to the individual.

I.e. the cost of attending the event is $175 and the actual ticket price is $250 – they could receive a receipt for $75.

]]> By: Sandra Sims http://www.stepbystepfundraising.com/role-of-corporate-sponsors-at-special-events/comment-page-1/#comment-5231 Sandra Sims Thu, 17 Jul 2008 19:23:58 +0000 http://stepbystepfundraising.com/?p=821#comment-5231 Danielle, that's an excellent point. It's important to give sponsors as many benefits as possible, and it has to be something that they really see the value in. Outlining them clearly in the proposal right up front is best. I'm not sure if separating out advertising vs. donation is ok with the tax man. Maybe someone else who is more experienced with that could chime in here. Or you could ask someone who specializes in accounting for non profits. Danielle, that’s an excellent point. It’s important to give sponsors as many benefits as possible, and it has to be something that they really see the value in. Outlining them clearly in the proposal right up front is best.

I’m not sure if separating out advertising vs. donation is ok with the tax man. Maybe someone else who is more experienced with that could chime in here. Or you could ask someone who specializes in accounting for non profits.

]]> By: Danielle Grandine http://www.stepbystepfundraising.com/role-of-corporate-sponsors-at-special-events/comment-page-1/#comment-5227 Danielle Grandine Thu, 17 Jul 2008 16:48:48 +0000 http://stepbystepfundraising.com/?p=821#comment-5227 What about outlining in the ROI benefits in the inital sponsorship proposal that x amount of funds from the sponsorship will pay for event costs and that the company will also receive a tax receipt for a certain amount of their sponsorship that is directed to the proceeds of the event and supports the cause. For example - an Entertainment sponsor: 1/2 of their sponsorship amount pays for the total cost of entertainment and the other 1/2 of their sponsorship is donated and they receive a tax receipt. What about outlining in the ROI benefits in the inital sponsorship proposal that x amount of funds from the sponsorship will pay for event costs and that the company will also receive a tax receipt for a certain amount of their sponsorship that is directed to the proceeds of the event and supports the cause.
For example – an Entertainment sponsor:
1/2 of their sponsorship amount pays for the total cost of entertainment
and the other 1/2 of their sponsorship is donated and they receive a tax receipt.

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