Fundraising loans are effectively programming proposals with the ultimate goal of raising funds for the student organization. SGC lends funds to student organizations to enable them to run fundraising events.
All money allocated to a student organization for a fundraising loan must be returned to SGC after the fundraiser is complete. All other funds raised in excess of the loan will be kept by the student organization.
An organization will not be in debt to SGC if money fundraised is less than the total allocation to the organization.
Rules & Policies
General Rules:
SGC will fund the purchase of shirts if they are for the intent of making a profit.
It is important to note that the state of New York charges a tax rate on all items sold on the Ithaca College campus. The respective rates will be applied to any deposits made into a student organizations accounts, and the applicable tax will be deducted from the full deposit amount. The tax for apparel sales is 4%, and the tax for all other merchandise sales is 8%.
All rules & policies from programming and travel apply to fundraising budgets.
