|
Home | FAQ | Donation & Fundraising
Donation & Fundraising FAQ
1. Where do the funds from the My Missing Challenge go?
2. What tools are available to help me with my fundraising?
3. Will reaching certain fundraising levels qualify participants to receive benefits?
4. Do I have to claim awards received for my fundraising efforts on my tax return?
5. Why is there a fundraising minimum?
6. Where do the funds from the My Missing Piece Challenge go?
7. How much money from the events will be returned to the TMPF?
8. Can I fundraise for TMPF separate from the My Missing Piece Challenge?
9. I am missing a donation that was mailed, what should I do?
10. Can I mail in a cash donation with a donation form?
11. Can the My Missing Piece Challenge bill a donor for a donation?
12. A donor is requesting a tax ID number (or EIN number). What is that and how can I get it?
13. A donor is requesting a 501(c)(3) letter. What is that and how can I get a copy?
14. A donor is requesting a W-9 form. What is that and how can I get a copy?
15. Are donations tax deductible?
16. Who should I make my check out to?
17. What can I do if a check is written out to me personally?
18. Where do I mail donation checks?
19. Can I send a money order or cashier's check for a donation or registration fee?
20. Do all donors who contribute online receive a receipt?
21. Do all donors who contribute via mail receive a receipt?
22. Can I create a receipt to give to my donors?
23. Can I accept a bunch of donations and write out one check to the My Missing Piece Challenge?
1. Where do the funds from the My Missing Piece Challenge go?
Funds raised through the My Missing Piece Challenge support the TMPF's mission to inspire and empower children to reach their greatest heights…in the general venues of health, education, and general well being. The TMPF serves its mission through advocacy, public health, education and research.
Return to Top
2. What tools are available to help me with my fundraising?
The TMPF offers the following tools to help with fundraising:
Fundraising ideas
Template press materials
Sample fundraising letters
And more tools to come
Return to Top
3. Will reaching certain
fundraising levels qualify participants to receive benefits?
Yes. Please go to the My Missing Piece Award Section to
see more about Awards.
Return to Top
4. Do I have to claim awards received for my fundraising efforts
on my tax return?
The IRS considers all prizes and awards associated with the My Missing Piece Challenge as income. This income is calculated by taking the fair market value (FMV) of the awards you receive and subtracting any monies you personally donate to the My Missing Piece Challenge.
In keeping with IRS regulations, should the income be greater
than $600, The Missing Piece Foundation will provide
you with
a Form 1099. Note
that expenses you incur during your fundraising are tax deductible,
however, they do not relate to the amount considered
income.
Return to Top
5. Why is there a fundraising minimum?
The primary goal of the My Missing Piece Challenge is to raise funds for the cause and mission of the TMPF. This is more than a symbolic event – it’s
a way to support the mission of The Missing Piece Foundation
(TMPF) in a tangible way. By raising funds for the My Missing Piece Challenge,
you will be helping to support the TMPF’s mission to inspire and empower children who need your Perfect Piece™…your
encouragement to lift them to higher heights. The Missing Piece
Foundation serves its mission through advocacy, public health,
education and
research.
Return to Top
6. Where do the funds
from the My Missing Piece Challenge go?
Net proceeds from the My Missing Piece Challenge directly benefit The Missing Piece Foundation (TMPF). TMPF's mission is to inspire individuals to empower children by giving a piece of themselves (Their Perfect Piece) so that children are encouraged and therefore better after the fact. TMPF
main avenues of service are health education, and awareness.
We serve this mission through advocacy, public health and research.
On a local
level, the LAF has and will continue to support local initiatives
that are consistent with our mission, including those communities
where people
are participating in the My Missing Piece Challenge.
Return to Top
7. How much money from the events
will be returned to the TMPF?
The honest answer to your question is that we don’t know and it depends. As you know, The Missing Piece Foundation has always prided itself on returning the highest amount of donor investment back into our programs and services. Our commitment to being good stewards of donor dollars has not wavered. We
carefully considered the balance of costs and believe that
the added expenditures will pay off in the long run by enabling
us
to reach
far more donors and raise far more dollars for children.
While we are disappointed
that our 87% ratio will likely be affected the first few
years, we expect the number to bounce back after the initial
investments
have
been made.
Return to Top
8. Can I fundraise for TMPF separate from the My Missing Piece Challenge?
Yes! Please visit www.the-missing-piece.org/getinvolved for
information.
Return to Top
9. I am missing a donation that was mailed, what should
I do?
Please allow 2-3 weeks for processing throughout the year, except during peak
donation times (June-October) when this process can take up to 4 weeks. If
it has been 4 weeks and the donation has not processed to your account, please
contact the foundation at 800 998-TMPF (800-998-8673).
Return to Top
10. Can I mail in a cash donation with a donation form?
No, please do not mail in a cash donation with a donation form. Our
bank will not accept cash donations. For any cash donation you receive,
please deposit the cash into your checking account and send a personal
check from your account with a completed donation form or complete
the donation online. Please be sure to include the donor’s personal
information on the donation form so that an accurate receipt can be
generated for tax purposes.
Return to Top
11. Can the MY
MISSING PIECE Challenge bill a donor for a donation?
No, the MY MISSING PIECE Challenge cannot bill
a donor for a donation. The check or credit card information must
be sent in with the donation form in order to be processed.
My Missing Piece Challenge support TMPF's mission
to inspire and empower people affected by cancer. TMPF serves its
mission through advocacy, public health and research.
Return to Top
12. A donor is requesting a tax ID number (or EIN number). What is that and how can I get it?
A tax ID number identifies The Missing Piece Foundation and the My Missing Piece Challenge as a tax-exempt entity. The Missing Piece Foundation Tax ID number is 87-0750224. Many donors will request this number to validate their donation as tax-deductible. Financial and other information about the beneficiary, The Missing Piece Foundation, and the MY MISSING PIECE Challenge, may be obtained by 800 998-TMPF (800-998-8673) or by visiting the Financial Disclosure page of this website or by visiting www.the-missing-piece.org
Return to Top
13. A donor is requesting a 501(c)(3) letter. What is that and how can I get a copy?
The 501(c)(3) letter is proof that TMPF is recognized as a non-profit organization by the federal government. Since the MY MISSING PIECE Challenge is a project managed by TMPF, this letter is also used as proof of the MY MISSING PIECE Challenge
non-profit status. Please call the foundation at 800 998-TMPF (800-998-8673) to receive a copy of this letter.
Return to Top
14. A donor is requesting a W-9 form. What is that and how can I get a copy?
The W-9 form is proof that TMPF is recognized as a non-profit organization by the federal government. To get a copy of this form, please contact TMPF at 800 998-TMPF (800-998-8673).
Return to Top
15. Are donations tax deductible?
All donations are tax deductible to the extent allowed by law. Please work with your tax professional to determine what deductions you are eligible for.
Return to Top
16. Who should I make my check out to?
Please make all checks payable to: The Missing Piece Foundation.
Return to Top
17. What can I do if a check is written out to me personally?
Please make sure all donation checks are made out to The Missing Piece Foundation.
Return to Top
18. Where do I mail donation checks?
All donations must have a donation form attached and should be mailed to the address on the donation form.
Return to Top
19. Can I send a money order or cashier's check for a donation?
Yes, we accept money orders or cashier's
checks for donations.
Return to Top
20. Do all donors who contribute online receive a receipt?
Yes, anyone who donates online will receive a receipt.
The receipt is generated immediately after the
donation is made and donors can print that receipt
for tax purposes or personal records.
Return to Top
21. Do all donors who contribute via mail receive a receipt?
Any donor who contributes via mail will receive a receipt once the donation has been processed. If the donor provided an email address, the receipt will be sent via email. If the donor did not provide an email address, the receipt will be send via mail.
Return to Top
22. Can I create a receipt to give to my donors?
No, please do not create receipts to give to your donors. Only receipts issued by The Missing Piece Foundation will qualify the donor for a tax deduction.
Return to Top
23. Can I accept a bunch of donations and write out one check to the My Missing Piece Challenge?
If the check is written from your account and attached to a donation form that contains your information, only you will receive tax credit
for this donation. We are not able to give tax credit to multiple people for one donation. To ensure that each donor gets credit for the donation that they make, it is important to submit each donation individually.
Return to Top
|