Soliciting Donations
11-15-10, 03:44 PM
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Soliciting Donations
Hopefully this is the place to ask this questions...
Background:
I am senior mechanical engineering student at Colorado State University, and a member of the 2011 Formula SAE Hybrid Design team. We are in the process of designing and building a hybrid race car to compete in the Formula SAE Hybrid Competition in May 2011. The event takes place at the New Hampshire Motor Speedway in Loudon NH. At this point we do not have a solid budget for the project but we do know our expected budget will be a small fraction of what we requested. We expect the cost to build the car to be around $10,000 and are expecting around around $3000 for a budget from our school. We must make up the difference by fundraising.
My Question:
Can I create a post soliciting donations for the project? The project is tax deductible and either individuals or companies may donate. Donations can be of the form of money, materials, components, or services; and all donations will be handled by my our college financial office. Also no members of the project will receive any financial gain from the donations but all donations will be applied to this project only.
Thanks
Background:
I am senior mechanical engineering student at Colorado State University, and a member of the 2011 Formula SAE Hybrid Design team. We are in the process of designing and building a hybrid race car to compete in the Formula SAE Hybrid Competition in May 2011. The event takes place at the New Hampshire Motor Speedway in Loudon NH. At this point we do not have a solid budget for the project but we do know our expected budget will be a small fraction of what we requested. We expect the cost to build the car to be around $10,000 and are expecting around around $3000 for a budget from our school. We must make up the difference by fundraising.
My Question:
Can I create a post soliciting donations for the project? The project is tax deductible and either individuals or companies may donate. Donations can be of the form of money, materials, components, or services; and all donations will be handled by my our college financial office. Also no members of the project will receive any financial gain from the donations but all donations will be applied to this project only.
Thanks
11-15-10, 09:38 PM
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These are handled on a case-by-case basis.
I just got word back from our IB Staff contact person that you have the green light to pursue this solicitation on our website. We ask that you simply include some form of RX-7 Club sticker on the car, if the competition rules allow it, if you end up getting help from the general membership.
Mario III, SuperModerator
I just got word back from our IB Staff contact person that you have the green light to pursue this solicitation on our website. We ask that you simply include some form of RX-7 Club sticker on the car, if the competition rules allow it, if you end up getting help from the general membership.
Mario III, SuperModerator
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