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Raised funds are defined as any funds raised by a student organization by money received outside of Ithaca College accounts including ticket sales, merchandise sales, donations, and any funds received from non IC organizations or departments. Raised funding may be spent for approved purchases for student organization operation, programming or travel.

WHAT YOUR ORGANIZATION NEEDS TO KNOW  FIRST BEFORE USING A CROWD-SOURCING SYSTEM, SUCH AS VENMO
When your student organization wants to collect funds electronically with a crowd-sourcing app such as Venmo or GoFundMe, your student organization must first get approval from the Office of Student Engagement (OSE).  To review the the electronic and mobile payment payment services guidelines prior to requesting approval, click here. To request authorization, simply complete the Crowd-Sourcing Fundraising Request Form for approval.

TAX ID NUMBER and 501c3 NONPROFIT DOCUMENTATION

Recognized student organizations may provide agencies they are fundraising with Ithaca College's Tax ID number (15-0532204) and/or a copy of their 501c3 nonprofit determination letter. To request a copy, please email the Office of Student Engagement at ose@ithaca.edu.

Funds that are received and deposited directly into a student organization’s Ithaca College account are not tax deductible and may not be claimed as such by the donor. Funds that are given from within Ithaca College (academic departments, another club/organization, SGC etc.), are NOT considered donations, but rather as IC Funds. 

For donations collected to be eligible for tax deduction, they must be processed by our Gift Processing staff. Donations may be done so by using this online form, by calling (877) 250-3269, or by mailing an Ithaca College Gift Transmittal Form  with your check, payable to Ithaca College, to the following address:

     Ithaca College
     Gift Processing
     953 Danby Road
     Ithaca, NY 14850

ROLLOVER FUNDS

Any funding raised that is left unspent in a student organization’s account at the end of the academic year in May will roll over into the next academic year. If a student organization has questions about the rollover policy, they are encouraged to contact the Student Organizations Business Coordinator.