FundSvcs Community

A faculty at our school is hosting a global conference that occurs every 3-4 years. The conference does not have its own bank account but transfers a rolling balance of funds raised and ticket costs from the hosting university to the next hosting university. The expectation is that any incoming funding belong to "the conference" and rollover would be expected transferred if we are not the next host. Conference sponsors have requested a donation receipt from our university in exchange for their sponsorship.  My thought is that these sponsorships (and additional donations) would not receive a tax receipt from our University. I'm interested in seeing what others think. 

A faculty at our school is hosting a global conference that occurs every 3-4 years. The conference does not have its own bank account but transfers a rolling balance of funds raised and ticket costs from the hosting university to the next hosting university. The expectation is that any incoming funding belong to "the conference" and rollover would be expected transferred if we are not the next host. Conference sponsors have requested a donation receipt from our university in exchange for their sponsorship.  My thought is that these sponsorships (and additional donations) would not receive a tax receipt from our University. I'm interested in seeing what others think. 

A faculty at our school is hosting a global conference that occurs every 3-4 years. The conference does not have its own bank account but transfers a rolling balance of funds raised and ticket costs from the hosting university to the next hosting university. The expectation is that any incoming funding belong to "the conference" and rollover would be expected transferred if we are not the next host. Conference sponsors have requested a donation receipt from our university in exchange for their sponsorship.  My thought is that these sponsorships (and additional donations) would not receive a tax receipt from our University. I'm interested in seeing what others think.