04-20-2006, 01:23 AM
Bio, All "proceeds" mean that after all the bills have been paid, then everything else goes to the charity. I should have put part of the proceeds to clarify that but it still has the same meaning.
As far as a reciept is concerned for donating any money, its just like Dave said. you only need it if you get audited. I highly doubt that the gov will hunt you down for anything under $100. If it was like $300 then yes you should get a receipt. They will not be available as far as i know for your entry, but if you would like to donate money in your name then you need to give directly to the ADA and they will get a receipt back to you. I was thinking of printing up some envelopes with the ADA address on them so people can mail them directly to the ADA and they could send you a receipt back. Not sure if people are bringing there checkbooks with, but would this be worth doing? If so I will do that.
LHR is getting paid for us to host this event, the bills need to be paid to run such a building and that is understandable, but Scott has been VERY generous(sp) with what he is charging us so we can give MOST of the money to the charity. SO the way that I see it, LHR is the major sponsor of the event and rightfully so. We are very greatfull to have LHR host this event and for donating a great reduction in charging us. Make no mistake about it, this was a great donation by LHR. I couldnt think of any other track to host such a great event.
Hope this helps. JT
As far as a reciept is concerned for donating any money, its just like Dave said. you only need it if you get audited. I highly doubt that the gov will hunt you down for anything under $100. If it was like $300 then yes you should get a receipt. They will not be available as far as i know for your entry, but if you would like to donate money in your name then you need to give directly to the ADA and they will get a receipt back to you. I was thinking of printing up some envelopes with the ADA address on them so people can mail them directly to the ADA and they could send you a receipt back. Not sure if people are bringing there checkbooks with, but would this be worth doing? If so I will do that.
LHR is getting paid for us to host this event, the bills need to be paid to run such a building and that is understandable, but Scott has been VERY generous(sp) with what he is charging us so we can give MOST of the money to the charity. SO the way that I see it, LHR is the major sponsor of the event and rightfully so. We are very greatfull to have LHR host this event and for donating a great reduction in charging us. Make no mistake about it, this was a great donation by LHR. I couldnt think of any other track to host such a great event.
Hope this helps. JT
T-T-T 
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