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
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 firstname.lastname@example.org.
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:
953 Danby Road
Ithaca, NY 14850
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.