USFS has broken my heart | Page 8 | Golden Skate

USFS has broken my heart

el henry

Go have some cake. And come back with jollity.
Record Breaker
Joined
Mar 3, 2014
Country
United-States
I've NEVER seen one of these tiered supporter charts present tax-deduction as one of their primary offers 😭😭

Wow, I want to know what charities you get solicitations from. :)

The non-profits I have volunteered for, or served on their boards, highlighted tax deductions first and last. Especially those targeted for "high wealth" or corporate donors.

ETA: I see @4everchan said essentially the same thing. Highlighting tax breaks in materials and charts is also common in the US. Keeping as much money as you can from Uncle Sam. Not a sentiment I necessarily agree with, but one that motivates many people.
 

ladyjane

Medalist
Joined
Jun 26, 2012
Country
Netherlands
I get all you are saying, and tax deduction is interesting for our corporates too. However, usually there are two sets of prices: one for individual donors, another for business sponsors. Both can have tax deductions (although the rules differ between them, as do the levels). wouldn't that be smarter to also ensure individual fans can show their care for the sport as well?
 

Weathergal

Medalist
Joined
May 25, 2014
I get all you are saying, and tax deduction is interesting for our corporates too. However, usually there are two sets of prices: one for individual donors, another for business sponsors. Both can have tax deductions (although the rules differ between them, as do the levels). wouldn't that be smarter to also ensure individual fans can show their care for the sport as well?

That's what I was thinking. I would think that a donor strategy that includes both individual and corporate sponsors -- and doesn't alienate long-time fans --would serve them much better.

They need more dynamic, creative leadership in USFS. Sadly one could say that for the ISU as well.
 

Karoltyna

Rinkside
Joined
May 15, 2024
Country
Poland
You wouldn't get a tax refund/credit for that though. But I understand the sentiment.
This being said, taxes are very expensive in Canada... Not sure Americans need it as much as we do... but then at the same time, everyone wants money :)
In some countries you can get a tax refund if you donate to a specific person - if this person meets particular requirements. And in Poland you can donate 1.5% of taxes paid to an organization that is registered as NGO. Some polish skaters or clubs funraise this way. I'm always donating to NGOs I personally know (not fs). At least 1.5% of what I paid to the state, and I pay a lot, isn't wasted.
 

Mathematician

Pilgrim on a long journey
Record Breaker
Joined
Aug 8, 2023
Really? That's common. It's actually the most sensible perk /return on your money. Donations of all kinds are a business opportunities for corporations or people who have a lot of money.
Wow, I want to know what charities you get solicitations from. :)

The non-profits I have volunteered for, or served on their boards, highlighted tax deductions first and last. Especially those targeted for "high wealth" or corporate donors.

ETA: I see @4everchan said essentially the same thing. Highlighting tax breaks in materials and charts is also common in the US. Keeping as much money as you can from Uncle Sam. Not a sentiment I necessarily agree with, but one that motivates many people.

I dont know, what I mean is that its never listed identically with the direct services from my experience. Its either separately written somewhere or just implied. To have it next to the direct services the organization itself provides its so strange to me, like they're grasping to make it look better by putting as much in a row (or column) as possible.
 

CoyoteChris

Record Breaker
Joined
Dec 4, 2004
Chris, unfortunately, I believe this is just how it is now. There used to be a ton of other perks (I remember seeing that a few thousand got you all-event tickets to Nationals), and at the lower levels, there were things like video calls from Team USA members, various merchandise, free admission to the HOF Museum in Colorado Springs, etc. Also, the cheapest tier used to be $65. Now they don't even give you a membership card anymore lol.

Honestly, I feel like these changes might be more sad than anything because they show the state that US skating is in, which, financially, at least, clearly isn't great judging by what we see here.

(And I don't want to get too deep or off-topic, but these struggles aren't great for anyone. It puts more pressure on skaters (especially through the media) and given some of the accusations/investigations that have come to light recently (probably only the tip of the iceberg), it makes sense why people are weary, especially after what happened with USAG).
Hi Minz! For me, as I stated in the USFS magazine, the draw was giving money to young skaters on top of the early ticket sales, calander, magazine, and of course the breakfast...I didnt care when they raised prices to $125 at all. Now, its as if they dont want us.....
 

CoyoteChris

Record Breaker
Joined
Dec 4, 2004
A decision has been made at some level to "abandon" the individual and pursue the corporate/group donations (just like no one expects an Individual to fork over a thousand dollars for a table at a charity event).

I doubt if USFS made this decision based on any one skater. Probably some study or belief that this approach was more "cost effective". More bang for the buck chasing big donors.

I think it is a darn shame leaving the individual donors behind like that, and short sighted to boot. We'll see how this works out for them🤷‍♀️
I thought it was very odd.....but I bet you are right....we have become a PITA to them and they only want the hi rollers and corporates to deal with. I know many skaters that would make a point to show up at the breakfasts if they could and rub shoulders with fans. It meant alot to us. I certainly never quibbled about the cost of membership or the breakfasts....
 

CoyoteChris

Record Breaker
Joined
Dec 4, 2004
In some countries you can get a tax refund if you donate to a specific person - if this person meets particular requirements. And in Poland you can donate 1.5% of taxes paid to an organization that is registered as NGO. Some polish skaters or clubs funraise this way. I'm always donating to NGOs I personally know (not fs). At least 1.5% of what I paid to the state, and I pay a lot, isn't wasted.
Dont quote me, but IIRC in the US tax code, unless you give alot, you cant deduct a few hundred bucks and make itemization a working plan. The standard deduction is just too high. At one point, if you took the standard deduction, you could still deduct some charitable costs. "Charitable contributions for non-itemizers. The temporary deduction for charitable cash contributions for taxpayers who do not itemize their tax returns has expired and is no longer available."
 

CoyoteChris

Record Breaker
Joined
Dec 4, 2004
I get all you are saying, and tax deduction is interesting for our corporates too. However, usually there are two sets of prices: one for individual donors, another for business sponsors. Both can have tax deductions (although the rules differ between them, as do the levels). wouldn't that be smarter to also ensure individual fans can show their care for the sport as well?
In the US, they took away the tax deduction if you take the standard deduction. Charitable contributions for non-itemizers. The temporary deduction for charitable cash contributions for taxpayers who do not itemize their tax returns has expired and is no longer available.
 

CoyoteChris

Record Breaker
Joined
Dec 4, 2004
You wouldn't get a tax refund/credit for that though. But I understand the sentiment.
This being said, taxes are very expensive in Canada... Not sure Americans need it as much as we do... but then at the same time, everyone wants money :)
It used to be when I gave to a skater's fund directly in the US, it was a tax deduction for me. No more..... Charitable contributions for non-itemizers. The temporary deduction for charitable cash contributions for taxpayers who do not itemize their tax returns has expired and is no longer available.
 

CoyoteChris

Record Breaker
Joined
Dec 4, 2004
Wow, I want to know what charities you get solicitations from. :)

The non-profits I have volunteered for, or served on their boards, highlighted tax deductions first and last. Especially those targeted for "high wealth" or corporate donors.

ETA: I see @4everchan said essentially the same thing. Highlighting tax breaks in materials and charts is also common in the US. Keeping as much money as you can from Uncle Sam. Not a sentiment I necessarily agree with, but one that motivates many people.
I am OK with people using the law to keep money from Uncle Sam. I went to the IRS to come up with a retirement plan and they told me how to do just that. And when I was in the higher brackets, it was fun to kind of make Uncle Sam support skaters....but now, those days are gone. Charitable contributions for non-itemizers. The temporary deduction for charitable cash contributions for taxpayers who do not itemize their tax returns has expired and is no longer available.
 

el henry

Go have some cake. And come back with jollity.
Record Breaker
Joined
Mar 3, 2014
Country
United-States
In the US, they took away the tax deduction if you take the standard deduction. Charitable contributions for non-itemizers. The temporary deduction for charitable cash contributions for taxpayers who do not itemize their tax returns has expired and is no longer available.

It is still there for itemizers. It is just that the standard deduction now is much higher than most folks donate to charity.

We would itemize everything, charitable deductions, business costs (Spousal Unit deducted books, how cool is that?). But the standard deduction was significantly raised a few years ago. And we stopped working. No more individual deductions. Not even state taxes.

I do not know how this has affected giving or how it has affected giving to USFS. Maybe ( a complete and total guess) the raising of the standard deduction did affect individual giving. Whereas corporations, and high wealth folks with multiple LLCs handling their income, still benefit?:scratch2:
 

el henry

Go have some cake. And come back with jollity.
Record Breaker
Joined
Mar 3, 2014
Country
United-States
You cannot give money directly to a skater and get a charitable deduction, whether you itemize or not, on US taxes. I can't send money directly to Sammy Skater and say. hey, charity, a good cause, I want a deduction. Nope.

It would be very hard for Sammy Skater to set up a 501-c-3 (ETA: for our friends outside the US, the US tax code designation for many non-profits) solely to benefit Sammy Skater. That's not supposed to happen. Otherwise I could set up the El Henry 501-c-3 and funnel myself a salary and take a big old deduction.

What does happen is the Great Skaters Fund, a 501-c-3, will say we are helping all skaters. If you donate now, we will try to help skaters with beautiful broken leg sit spins. Does that describe Sammy Skater? so much the better.

But if Great Skaters Fund guarantees that money you donate goes only to Sammy Skater, the 501-c-3 is at risk.
 
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CoyoteChris

Record Breaker
Joined
Dec 4, 2004
You cannot give money directly to a skater and get a charitable deduction, whether you itemize or not, on US taxes. I can't send money directly to Sammy Skater and say. hey, charity, a good cause, I want a deduction. Nope.

It would be very hard for Sammy Skater to set up a 501-c-3 solely to benefit Sammy Skater. That's not supposed to happen. Otherwise I could set up the El Henry 501-c-3 and funnel myself a salary and take a big old deduction.

What does happen is the Great Skaters Fund, a 501-c-3, will say we are helping all skaters. If you donate now, we will try to help skaters with beautiful broken leg sit spins. Does that describe Sammy Skater? so much the better.

But if Great Skaters Fund guarantees that money you donate goes only to Sammy Skater, the 501-c-3 is at risk.
Once upon a time there was another organization whose name escapes me..NEASF? Where if your skater was registered, you could dontate and get a deduction.
 

CoyoteChris

Record Breaker
Joined
Dec 4, 2004
My description is very basic of course, and good tax lawyers may find workarounds. It's their job. :biggrin:
Of course! Unfortunately, in my case, the IRS told me how to make myself look like a pauper on paper...but I know how others...and they would not even be considered rich, have formed foundations and businesses and charitable trusts to weasle their way through the tax code.
 
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