How does a small donor committee list a membership transfer from a membership organization since they are not contributions?
If a small donor committee (SDC) receives $20 or more in dues and other contributions from any individual during a reporting period; the small donor committee should list each such individual. The total amount received from each individual that totals less the $20 during a reporting period should be reported as a non-itemized contributions. The membership organization must provide to the small donor committee a list of the members and the amount of dues transferred for each member and the small donor committee must keep that list for audit purposes to be sure that individuals do not exceed the $50 per year contribution limit.
Related Questions
- I am a freelance GP locum with no other Scheme membership. Can I pay my GP locum contributions into a Stakeholder Pension and then transfer the money into the NHS Pension Scheme?
- Can an executive committee make contributions to organizations such as the young woman’s political organization or the young collegiate political organization?
- May a membership organization transfer dues to a small donor committee paid to it by a member’s corporation on behalf of one or more individual members?
