Flagfootball4fun Foundation -Building Leaders Through Football
Flagfootball4fun Foundation is a 501(c)(3) Affiliated Organization in which functions for the purpose of furthering amateur sports and formally affiliates itself with the Amateur Athletic Union of the US Inc. The purpose of our Flagfootball4fun Foundation is to offer amateur sports programs through a volunteer base for all people; to promote good sportsmanship and good citizenship; to conduct programs that provide for, enhance and strengthen participation and competition for amateur athletes; to work with other sports organizations to benefit amateur athletes.
The Flagfootball4fun Foundation is formed exclusively for charitable and educational purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code.
Our Mission:
Our mission was established to promote and develop amateur Flag football on all levels throughout the United States and to cultivate leadership, sportsmanship, enthusiasm for competition, and the drive for academic excellence among America’s youth.
How You Can Help:
The Internal Revenue Service, in its ruling dated January 1966, stated that donors may deduct contributions to Amateur Athletic Union of the US Inc., and its Affiliated Organizations as provided in section 170 of the 1986 IRS Code (providing the taxpayer itemizes deductions).
A. Cash Contribution: Our Foundation will provide a written acknowledgment for donations of $25 or more.
- Sample wording: “Example of Written Acknowledgment “Thank you for your cash (or check) contribution of $300 that Flagfootball4fun Foundation received on December 12, 2010. No goods or services were provided in exchange for your contribution.
B. Quid Pro Quo Contribution: Our foundation will provide a written acknowledgment for “quid pro quo” contributions over $75. A “quid pro quo” (“this for that”) contribution is a payment that is partly a donation and partly payment for goods or services. For Example: if a donor gives our foundation $100 and receives a banquet ticket valued at $40. The donor has made a partial “quid pro quo” contribution – he has received something of value in return for at least part of his total. The charitable contribution is $60 and the value of the goods or service (the banquet ticket) is $40. A written acknowledgment must be sent because the donor’s payment ($100) was greater than $75. The written statement must inform the donor that the amount of the contribution is deductible for Federal income tax purposes, and must provide the value of the goods or service received.
-Sample wording:”Example of Written Acknowledgment “Thank you for your cash (or check) contribution of $100 that Flagfootball4fun Foundation received on May 6, 2010. In exchange for your contribution, we gave you a banquet ticket with an estimated fair market value of $40.00″

