• Fund Raising Activities Requiring Special Treatment

Charitable auctions require special treatment according to the IRS. Procedures and approval for any charitable auction must be reviewed in advance of the auction with the Office of Institutional Advancement to ensure IRS regulations are followed.

A fund raising organization wishing to conduct a raffle must obtain a license through the State of New York. The Office of Institutional Advancement can provide advice and direction on fund raising raffles. Costs of raffle tickets (as well as bingo and lottery tickets) are not deductible as charitable contributions. All license applications must be processed through the Office of Institutional Advancement and issued in the name of the SUNY Cobleskill Foundation. Five percent of the net proceeds of any raffle shall be assigned as undesignated funds to the SUNY Cobleskill Foundation. Requests for exceptions to this requirement will be reviewed by the Office of Institutional Advancement on a case-by-case basis, subject to Foundation approval.