Members, other individuals, or entities wishing to donate to a specific fleet or specific event are encouraged to do so.  The precise event name and fleet must be stipulated on the donation, and the funds must be sent to the Executive Treasurer for processing and distribution.  By Board policy, all donations to the CYA, regardless of fleet, are to be submitted to the Executive Treasurer for processing.  Funds specific to a certain fleet will be forwarded to that fleet’s treasurer.  The Executive Treasurer will compose and send the tax acknowledgment letter outlined below for all donations to the CYA.

Donors to tax-exempt organizations have the responsibility to obtain such written acknowledgment for any monetary contribution before the donors can claim a charitable contribution on their federal income tax returns. 

Although it’s a donor’s responsibility to obtain such a written acknowledgment, an organization can assist the donor by providing a timely, written statement containing:

1. The name of organization
2. The amount of cash contribution
3. A description (but not the value) of non-cash contribution
4. A statement that no goods or services were provided by the organization in return for the contribution, if that was the case
5. A description and good faith estimate of the value of goods or services, if any, that an organization provided in return for the contribution