FundSvcs Community

Our student groups often seek corporate sponsorship for their events or programs on campus, and we are looking to standardize the student group sponsorship package and process. Anyone have language, systems and/or processes they could share?

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Joe Perz
Stevens Institute of Technology
jperz@stevens.edu
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John,

I know you have mentioned this before. What determines if a student group is or is not eligible? When I broached the subject with a couple staff members I was told they can/we can for them. 

We do have a staff member who works with student orgs and policies and procedures in place.  

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JoAnn Strommen
South Dakota Mines Center for Alumni Relations & Advancement (CARA)
joann.strommen@sdsmt.edu
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Original Message:
Sent: 09-18-2024 11:21 AM
From: John Taylor
Subject: Corporate Sponsorships For Student Groups

Most student groups are not eligible to receive tax-deductible gifts. So, you may want to refrain from encouraging those cultivation efforts. They could impact your ability to secure a deductible sponsorship for a later institutional event.

At the very least, you'll want to establish a third-party fundraising policy that requires any planned solicitation effort outside Advancement to coordinate with your office. In that way, you can collaborate with the group to create event-specific marketing material that discloses the non-deductibility of the payments.

John

John H. Taylor, Principal

John H. Taylor Consulting, LLC

2604 Sevier Street

Durham, NC     27705

johntaylorconsulting@gmail.com

919.816.5903 (cell/text)

Serving the Advancement Community Since 1987

Original Message:
Sent: 9/19/2024 10:20:00 AM
From: JoAnn Strommen
Subject: RE: Corporate Sponsorships For Student Groups

John,

I know you have mentioned this before. What determines if a student group is or is not eligible? When I broached the subject with a couple staff members I was told they can/we can for them. 

We do have a staff member who works with student orgs and policies and procedures in place.  

------------------------------
JoAnn Strommen
South Dakota Mines Center for Alumni Relations & Advancement (CARA)
joann.strommen@sdsmt.edu
------------------------------

Thank you, John.

I think we are going to have an interesting discussion in our office. :)

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JoAnn Strommen
South Dakota Mines Center for Alumni Relations & Advancement (CARA)
joann.strommen@sdsmt.edu
------------------------------

Original Message:
Sent: 09-19-2024 10:20 AM
From: John Taylor
Subject: Corporate Sponsorships For Student Groups

The group must serve educational purposes. Another way to consider it is whether it is a "social" club.

I've attached a document prepared from older IRS sections - and screenshots - that provided these definitions.

John

John H. Taylor, Principal

John H. Taylor Consulting, LLC

2604 Sevier Street

Durham, NC     27705

johntaylorconsulting@gmail.com

919.816.5903 (cell/text)

Serving the Advancement Community Since 1987

Original Message:
Sent: 9/19/2024 10:20:00 AM
From: JoAnn Strommen
Subject: RE: Corporate Sponsorships For Student Groups

John,

I know you have mentioned this before. What determines if a student group is or is not eligible? When I broached the subject with a couple staff members I was told they can/we can for them. 

We do have a staff member who works with student orgs and policies and procedures in place.  

------------------------------
JoAnn Strommen
South Dakota Mines Center for Alumni Relations & Advancement (CARA)
joann.strommen@sdsmt.edu
------------------------------


Original Message:
Sent: 09-18-2024 11:21 AM
From: John Taylor
Subject: Corporate Sponsorships For Student Groups

Most student groups are not eligible to receive tax-deductible gifts. So, you may want to refrain from encouraging those cultivation efforts. They could impact your ability to secure a deductible sponsorship for a later institutional event.

At the very least, you'll want to establish a third-party fundraising policy that requires any planned solicitation effort outside Advancement to coordinate with your office. In that way, you can collaborate with the group to create event-specific marketing material that discloses the non-deductibility of the payments.

John

John H. Taylor, Principal

John H. Taylor Consulting, LLC

2604 Sevier Street

Durham, NC     27705

johntaylorconsulting@gmail.com

919.816.5903 (cell/text)

Serving the Advancement Community Since 1987