Cash Donation Policy
Policy: Webster's dictionary defines a donation as “the making of a gift especially to a charity or public institution: a free contribution: gift.”
When a member or guest gives a donation or purchases consumables, the funds should be placed in a MakeICT specific envelope to designate where the funds will be applied. Once the envelope is complete, place it in a box for donations and purchases. Examples of what to write on the envelope: (this is not an inclusive list)
- Department
- Purchase or Donation
- Item purchased
- Example: Fab lab, Purchased, Filament
Both donations and purchasing of consumables that have a designated department listed on the envelope will go to improving that specific department at MakeICT. Funds that are not in an envelope will go towards what is listed on that particular box. Being specific on these envelopes is important so the Treasurer knows if the funds are going towards a donation or purchasing of materials that have a listed price. This will impact the
amount of money MakeICT has to pay in sales tax.
Approved by the Board on April 20th 2023
