71 | STEVENS STUDENT HANDBOOK General Information Tax-deductible donations and receipts Student organizations officially recognized by Stevens are eligible to receive tax-deductible contributions if they have an active gift account. Gifts received for an organization must be processed by DAE. The donor will receive a tax receipt and the funds will be transferred to the appropriate gift account. Corporate and Foundation Philanthropic Partners A charitable donation is a cash gift, grant, property, or in-kind support made to help Stevens accomplish its goals, for which the donor receives nothing of value in return. Value is defined by any tangible or intangible benefits such as services, events, or data and information. A sponsorship is different because it is an exchange of public recognition value. It is not the same as philanthropy, which involves donations to causes that serve the public good that may not yield any return, branding or otherwise, to the donor. Gifts from corporations are welcomed at Stevens, as long as no value is exchanged to the donor. Upon approval from DAE, further instructions and guidelines will be provided. Gift Accounts Gift accounts are established to accept and allocate gifts appropriately to programs, initiatives, or groups within Stevens. Upon a gift account’s creation, the terms and acceptable use of each account is determined and must be adhered to. Gift accounts must not be used to accept funds for distribution to another organization. Crowdfunding Crowdfunding platforms help Stevens students, faculty and community members raise money so that their ideas and passions can take flight. Crowdfunding projects advance innovation, teaching and learning at Stevens, including those focused on student groups, student experience, athletics, library or faculty-specific initiatives, and allow us to showcase projects and initiatives from across campus. Crowdfunding utilizes storytelling and peer-to-peer connection to reach your fundraising goals within a specific timeframe. Crowdfunding Offerings Stevens Day of Giving The entire Stevens community comes together to support their favorite schools and programs, partake in friendly competition and celebrate the power of philanthropy and our collective impact! Donors can give to every area of Stevens, and student organizations and alumni affinity groups are invited to apply for a featured page to rally support. All Rise Challenge A 5-day giving challenge to help inspire participation from parents, students, alumni and friends to support Stevens Athletics. Teams have specific fundraising goals and participate throughout the week for matches and challenges. Standalone Projects Beyond our larger crowdfunding initiatives, Stevens students, faculty, staff and alumni can apply for a crowdfunding page to support real-time needs for projects. Eligible projects meet the following criteria: • affiliated with Stevens and non-profit in nature, • have a sponsoring department, program, organization or center in which donations can be deposited into, • consist of project leaders that are willing to create and market promotion materials before, during, and after the campaign, • and gain approval by submitting an application.
