i am considering a circumferential trip around the u.s. over a 6 month period and am curious of anyone's experiences with doing a long tour for charity.
i.e., people donate money to me for my trip and most if not all of this money in turn gets donated to a charity organization.
as a clarification, my plan is to organize and do the trip solo... and was wondering what the best approach (if it makes sense) to turn this into a fund-raising event.
-mark
[email hidden] (Mark E. Johnson) wrote in message news:<[email hidden]>...
Quoted message said:
i am considering a circumferential trip around the u.s. over a 6 month period and am curious of anyone's experiences with doing a long tour for charity.
i.e., people donate money to me for my trip and most if not all of this money in turn gets donated to a charity organization.
You will either need to get sponsored by a charity or obtain 501 (c)(3) charitable status from the IRS in order for donations to your ride to be tax deductible by others. Both will take more time to obtain than the ride.
The latter requires formation of a tax exempt organization (state filings) followed by organizational plan that meets charitable status, and then file application for tax exempt status with the IRS. It is as complicated as it sounds. Good luck.