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Post by Tom Earp on Jun 13, 2012 8:38:03 GMT -5
The official Re-Dedication of the TKE House at Northwest Missouri State -------------------------------------------------------------------------------- The official re-dedication of the TKE House at Northwest Missouri State was held June 2nd. The newly added deck was unveiled as well as attendance by 100 alumni as well as university officials, city officials and the Maryville Fire Department. The event was preceeded by the 17th Annual TKE Memorial Golf Tournament with 140 TKE alumni golfers raising money for the TKE House Capital Improvement Fund and Fire Recovery Fund. Check out www.nwtke.com for photos and information. |
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Post by T J Gordon on Jun 14, 2012 6:22:39 GMT -5
It'd be easier to raise funds, to do projects like this at all fraternity houses, if Congress would make donations tax deductible.  Thanks Tom for the post. |
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Post by Tom Earp on Jun 17, 2012 14:26:30 GMT -5
T J remember when I used to visit the old TKE house. God it was a grand dame house but so far off of campus.
The new house looks fantastic and seems that GLOs are much stronger there than when I was there.
Still, the Soros do not have houses, still in dorms!
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Post by modorney on Jun 20, 2012 8:17:39 GMT -5
> It'd be easier to raise funds, to do projects like this at all fraternity houses, if Congress would make donations tax deductible
One trick you can do is to separate out deductible and non-deductible parts of the house. Anything "educational" is deductible - study rooms, computer center, etc. Put a whiteboard in your dining room to make it educational space. (You might want to make sliding panels to hide it for more elegant dining).
Have your national foundation channel the deductible gifts back to your chapter. At my job, I have a few bucks taken out of every paycheck, and it goes to Acacia's foundation. My job only does this for a 501c3, but I can call my foundation and have my contribution go to the educational part of my chapter.
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Post by Tom Earp on Jun 20, 2012 9:19:25 GMT -5
Great hints mike!!!  |
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Post by greeky on Jun 29, 2012 19:04:39 GMT -5
If the IRS checks the Foundations, it can be painful (per this post below): www.insidehighered.com/news/2012/....nity-foundationThe Internal Revenue Service has revoked the tax-exempt status of an organization affiliated with a Bucknell University fraternity, ruling that a foundation designed to support educational and charitable activities at a college fraternity must do more than help the Greek organization maintain and operate its housing facility. For the better part of a decade, the Graystone University Housing Corp. operated as a nonprofit organization affiliated with the Phi Gamma Delta fraternity chapter at Bucknell. It existed, according to its articles of incorporation, "exclusively for charitable and educational purposes, including the provision of lodging, dining, library, technological and related educational facilities for students." The organization was established in 2003, at a time when Bucknell's Phi Gamma Delta chapter needed to renovate its house, says Ted Groom, a lawyer for the organization. Supporters of the fraternity knew they'd have an easier time raising money to upgrade the facility if donations were tax exempt. ---- One time they audited the TKE Foundation, and got so detailed that they wanted to know what happened to a stapler that the Foundation had bought. |
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Post by Tom Earp on Jul 14, 2012 15:11:02 GMT -5
ARRG, does this suck or what?
It is hard enough for we as Social Greeks to keep going for our betterment!
Oh, the kinder IRS, right?
That is why I fight for the two bills in Congress to give we Alumni tax breaks. Write you legislatures and bitch like hell to get it done. It is there, it needs to be voted upon!!!
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