|
The SBC Classic Boat Rally is not for profit, but it does have overhead expenses, expenses associated with support craft
and logistical transportation, and costs of trophies. Further, one of our objectives is to encourage interest and skills in
sailing among young people though donations to the junior sailing programs of the host yacht and sailing clubs. Therefore,
a portion of the support and sposorship income, as well as a portion of the participants' fees, will be donated to these
programs. Individual supporting donations are not tax deductible, but corporate sponsorships probably are tax deductible.
The support levels described below apply for the period through the Rally in May 2007.
|
