« Last post by indyfabz on October 02, 2015, 01:46:37 pm »
FYI...The subject of tax liability recently came up on another forum in connection with a guy who was seeking (and getting) a sizeable amount of money for allegedly riding across the country to lose weight and win back his wife.. (I say "allegedly" because there was at least some indication, and belief by some, that the thing was a stunt to for personal financial gain and publicity. Last I checked he had been on the road for some three months yet only managed to ride about 150 miles or so, and even that was subject to some doubt. His expenditures also seemed imprudent in many cased. But I digress.) One could donate either though a GoFundMe account or directly though the person's PayPal account. One forum member provided a link to an article discussing IRS implications. The article indicated that if you raise money for the purpose of defraying expenses incurred as a result of the trip (e.g., food and lodging), it's possible the IRS would consider that taxable income. In the case referred to above, the GoFundMe page expressly stated that the guy was seeking donations to cover the cost of the trip. I am no CPA, so I cannot speak authoritatively. But I found it interesting and though I would throw it out there.
In any event, over the year I have written fundraising letters for a weekend charity event. They were directed at friends and co-workers and sought donations to the charity at issue. There really is no magic formula. Just include what you are doing, why you are doing it, that you are looking for donations and the mechanics of donating. (E.g., sending a check made out to whom, donating on line, etc.). I would give you an example but I stopped doing the event, and it looks like I deleted my form of letter from my directory. I recommend that you limit it to one page.