The Hillsborough Soccer Club is now officially a 501(c)3 non-profit organization!
As many of you know the club has been attempting to obtain a 501(c)3 status, reinitiated by Bonnie Herterich and followed through with assistance of Linda Groff and many others. So thank you board for completing this great milestone.
It is now official.
HSC is now a qualified charitable organization for tax deductible contributions. Your generous contributions and those of sponsoring companies will support scholarships, equipment, tournament and club/league expenses. Many local companies offer corporate matching programs. Please check to see if your company will match your contribution or support charitable volunteer organizations in any way!
In accordance with federal law, contributions of money or property that are made to, or for the use of, a qualified organization by an individual or a company are tax deductible. The contributions must be made to the qualified organization and not set aside for use by a specific person. Contributions for which a tax deduction will be sought should be made to the club, and not to a specific team or individual.
Under current Federal recordkeeping rules, a donor claiming a deduction of $250 or more is required to obtain and keep a written acknowledgment from the Club, which is available upon request from the Treasurer.
We will be updating website with information on when, where, and how donations and sponsorships can be made under the administration of the Ways and Means Director.