How should we handle the outright donations (eg. from collection boxes at the concert and/or appeal letters to students, parents and industry partners etc.)?
The organisers should have good internal controls to handle these donations. Proper checks on the donations should be done, and organisers should also be mindful of the security of the donations to prevent any loss or theft of donations. You can consider having some independent persons to witness the counting of donations for transparency and accountability purposes.
Related questions
What are the duties and obligations of fund-raisers as stipulated in the Fund-raising Regulations?
What are the regulatory requirements that commercial fund-raisers/ participators’ must adhere to?
Can IPCs receive donations from foreign corporate or individual donors?
What are the considerations that IPCs need to take when issuing tax-deduction receipts (TDRs) to donors on qualifying donations received?
Need more help?
Get in touch