If my team finds additional funds through donation, can the donations qualify for tax exemption?
Student teams should raise money for their projects using the One Laptop per Child Foundation’s 501c3 status. In doing so, donations are considered tax-exempt, giving donors more incentive to financially support projects. For an organization to be considered 501c3, it must operate exclusively for charitable purposes, as in OLPC’s case. Please note: the use of funds is limited by the donor’s restrictions. That is, if a donor specifies that his or her donation fund Internet or power, for example, then the money must be reserved for that purpose – no exceptions. We recommend that the donor specify nothing so that the funds may be used to support any expense the core team will incur. The OLPC Foundation tax ID number should be used in return (This will be provided upon acceptance). You should provide the donor with this so that they can specify their donation as tax-exempt when filing their taxes. A return address, name of team member in which the check should be addressed, and stamp must
