501(3)(c) to donators for trophy party
The good news is that your parent organization is tax exempt and your local organization might be. The national organization even has guidelines and even more details.  Regarding donations they have this to say: Please note: The law requires charities to furnish disclosure   statements to donors for such quid pro quo donations in excess of   $75.00.  A quid pro quo contribution is a payment made partly as a   contribution and partly for goods or services provided to the donor by   the charity. An example of a quid pro quo contribution is when the   donor gives a charity $100.00 in consideration for a concert ticket   valued at $40.00. In this example, $60.00 would be deductible because   the donor’s payment (quid pro quo contribution) exceeds $75.00. The   disclosure statement must be furnished even though the deductible   amount does not exceed $75.00. Regarding taxes: Leagues included under our group exemption number are responsible for   their own tax filings with the I.R.S. Leagues must file Form 990 EZ   with Schedule A if gross receipts are in excess of $50,000 but less   than $200,000. Similar rules also apply to other youth organizations such as scouts, swim teams, or other youth sports.
Oh, geez, well-regarded arguments against investing, hmm? Well, I have a couple. They're not against investing per se. They're asking about your priorities and whether you might have something better to do than inevesting: And he spake a parable unto them, saying, The ground of a certain   rich man brought forth plentifully: and he thought within himself,   saying, What shall I do, because I have no room where to bestow my   fruits? And he said, This will I do: I will pull down my barns, and   build greater; and there will I bestow all my fruits and my goods. And   I will say to my soul, Soul, thou hast much goods laid up for many   years; take thine ease, eat, drink, and be merry. But God said unto him, Thou fool, this night thy soul shall be   required of thee: then whose shall those things be, which thou hast   provided? So is he that layeth up treasure for himself, and is not   rich toward God. -- Luke 12:16-21 Christian or otherwise, there may be better things for you to do with your excess cash - indeed, with your life - than simply invest it to bring yourself more money. Many people find charitable contributions more important than spending a little more money on themselves (immediately or in the future). Of course, you will need to decide what these things are that matter to you. Perhaps you would like to contribute to traditional charities. Perhaps you would like to fund education, or a religious organization, or the Democratic Party, or the Republican Party, or the Libertarian Party, or the Green Party, or the Tea Party, or Occupy Wall Street. Perhaps you'd like to fund research into something. Perhaps you simply have friends and family that you want to make happy. Perhaps a small vacation to spend time with family is worth more to you now than the investment returns will be worth later. Moreover, note that economic decisions like this are made on the margin - it's not so much a question of whether you invest at all, but whether you should invest more or less, and spend/donate more or less. I made me great works; I builded me houses; I planted me vineyards:      I made me gardens and orchards, and I planted trees in them of all   kind of fruits:    I made me pools of water, to water therewith the   wood that bringeth forth trees:    I got me servants and maidens, and   had servants born in my house; also I had great possessions of great   and small cattle above all that were in Jerusalem before me:       I   gathered me also silver and gold, and the peculiar treasure of kings   and of the provinces: I got me men singers and women singers, and the   delights of the sons of men, as musical instruments, and that of all   sorts. So I was great, and increased more than all that were before me in Jerusalem: also my wisdom remained with me.     And whatsoever mine   eyes desired I kept not from them, I withheld not my heart from any   joy; for my heart rejoiced in all my labor: and this was my portion of   all my labor.      Then I looked on all the works that my hands had   wrought, and on the labor that I had labored to do: and, behold, all   was vanity and vexation of spirit, and there was no profit under the   sun. -- Ecclesiastes 2:4-11 Because in the long run, we're all dead. Anywho! It's all a matter of returns and risk analysis. Even spending on yourself and charitable giving can be thought in these terms (the returns are not 'more money', so they may be harder to analyze, but they're important too). "In the US: In the UK: You can set up a CAF (Charities Aid foundation) Charity Account. This allows you to donate to charities anonymously, while still allowing the recipient to benefit from Gift Aid (where they can reclaim the income tax you'd paid on the donation). You can even use this account to donate to overseas charities if you're donating at least £250. Or you can use a different intermediary such as BT MyDonate or The Big Give or another intermediary. See the Wikipedia article ""Comparison of online charity donation services in the United Kingdom"". In Canada: If there's a United Way charity in your country, it may have a donor choice program which may be able to forward a designated donation to any other charity in your country.  The United Way probably charges a fee for this service.  I'm not sure whether or not the United Way would be willing to keep you anonymous, and I'm not sure whether or not the United Way would add you to its mailing list.  More details may be available elsewhere online." "Model 3 passed all regulatory requirements for production two weeks ahead of schedule. Expecting to complete SN1 [Serial Number 1] on Friday, Tesla (NASDAQ:TSLA) CEO Elon Musk tweeted on Sunday.  ""Handover party for first 30 customer Model 3's on the 28th! Production grows exponentially, so Aug should be 100 cars and Sept above 1500... Looks like we can reach 20,000 Model 3 cars per month in Dec.""  The car, which already has over 400,000 pre-orders, is Tesla's cheapest vehicle to date - starting at $35,000.  TSLA +3% premarket" "Journal entry into Books of company: 100 dr. expense a/c 1 200 dr. expense a/c 2 300 dr. expanse a/c 3   //   cr. your name 600 Each expense actually could be a total if you don´t want to itemise, to save time if you totaled them on a paper.  The paper is essentually an invoice. And the recipts are the primary documents. Entry into Your journal: dr. Company name   // cr. cash or bank You want the company to settle at any time the balce is totaled for your name in the company books and the company name in your books.  They should be equal and the payment reverses it.  Or, just partially pay. Company journal: dr. your name  //  cr. cash or bank your journal: dr. cash or bank  // cr. company name Look up ""personal accounts"" for the reasoning. Here is some thing on personal accounts. https://books.google.com/books?id=LhPMCgAAQBAJ&pg=PT4&dq=%22personal+account%22+double+entry&hl=es-419&sa=X&redir_esc=y#v=onepage&q=%22personal%20account%22%20double%20entry&f=false" A 1040X is the form and instructions you need.  Don't worry you can rescind the $3 presidential campaign contribution for both you and a spouse. You can have a way for people to pay, i.e. some kind of payment gateway. Run as Business: Best create a company and get the funds there. This would be treated as income of the website and would be taxed accordingly. One can deduct expenses for running the website, etc. Run as Charity: Register as one, however the cause should be considered as charitable one by the tax authorities. Only then the donations would be tax free. A rather good IRS paper on the topic states that a donation of a business' in-kind inventory would be  Under IRC 170(e)(1), however, the fair market value must be   reduced by the amount of gain that would not be long-term capital gain if the   property had been sold by the donor at the property's fair market value (determined   at the time of the contribution). Under this rule, deductions for donated inventory   are limited to the property's basis (generally its cost), where the fair market value   exceeds the basis.  There are references to IRC regulations in a narrative context you may find helpful: This paper goes on for 16 pages describing detailed exceptions and the political reasons for the exceptions (most of which are concerned with encouraging the donation of prepared food from restaurants/caterers to hunger charities by guaranteeing a value for something that would otherwise be trashed valueless); and a worked out example of fur coats that had a cost of goods of $200 and a market value of $1000. I'm not a lawyer and someone more knowledgeable than I will probably respond to this inquiry.  I worked with nonprofits for years however.  My suggestion would be that the Board would have a resolution allowing the Director to approve any contract below a certain dollar amount.