FINANCIAL FAQ

FAQ’s for donors who are fundraising for Love146

Of special note:
Love 146 adheres to IRS and Better Business Bureau requirements to ensure the integrity of donations.
Love146 is unable to reimburse any fundraiser expenses.

What are different ways to raise funds for Love146 and also for Love146 to receive those monies?

A) Personally donate the proceeds from a Love146 fundraiser you hold.
In this case you hold your fundraiser and collect the money from ticket/fundraiser sales that benefit Love146. You then submit a check to Love146 for that amount and we will issue you a tax-deductible receipt for the check amount.

B) Ask people to give directly to Love146.
Love146 can issue tax-deductible donation receipts to individuals that donate at your fundraiser if they give directly to Love146:

Cash donations: The donor should include the cash in a sealed Love146 donation envelope with their name & address information completed on envelope.

Check Donations: simply collect the checks and send to Love146.

Credit Card Donations: The donor should include their credit card information and billing information on a sealed Love146 envelope.

Please keep all donations in the Love146 envelopes (do not open individual envelopes) and send all donations via Fedex/UPS/DHL or other traceable mailing service.

Once all donations have been received, please let Love146 know if you wish to know how much your fundraiser raised, and we will get the total amount to you once all funds have been processed.

C) Donate a portion any personal sales (i.e. ebay) and/or company sales to Love146.
Simply write a check to Love146 for the % you donate and we will issue you a tax-deductible receipt for your donation. Please note: If donating a percentage or specific amount of sales, sale of a good or service, or the entire amount of a good or service to Love146, the percentage or amount donated (10%, $500, etc.) must be listed on any printed materials, web site or wherever else applicable.

How do I handle donations where Goods and Services have been received?

For example, a fundraising dinner where the ticket is $200 but the dinner is valued at $50. In this case each individual donation would receive a tax-deductible receipt for $150. While we can issue receipts in this manner, our administration costs are kept lower if you sold tickets for $50 and asked each individual to donate $150 to Love146 in such cases.

Can Love146 process ticket sales and reimburse our fundraiser expenses?

Love146 can only cover fundraiser expenses for Love146 managed fundraisers.

I have individuals willing to pay for my fundraiser but require a tax deducible receipt for their donation – can Love146 provide a receipt and then cover the fundraiser expenses?

Love146 can only cover fundraiser expenses for Love146 managed fundraisers, which are organized and created by our staff.

I have individuals wanting to donate a gift-in-kind for an auction at our fundraiser – can they receive an official GIK Receipt from Love146?

Love146 follows standard ethical charity guidelines for GIK receipts. Unfortunately, Love146 can only provide GIK receipts for Love146 managed fundraisers (Gift-in-Kind receipts are issued when a donor gives a gift to Love146 and it becomes the legal property of Love146).

Will Love146 provide insurance and/or permits for my fundraiser?

It is the responsibility of each fundraiser or fundraising group to obtain the necessary permits and insurance for their fundraiser.