Foundation

Donations
501c3 Status
Scholarships

To make an online donation to the Philly Ad Club Educational Foundation and/or Philly Ad Club Philly’s Future Scholarship Fund, click here!

Founded in 2014, the Philly Ad Club Educational Foundation was formed to provide tax-deductible contribution opportunities for its members and other interested parties. Contributions can be made in general or specifically to the various educational programs supported by the Philly Ad Club. Currently, these programs include:

  • Philly’s Future Scholarship Fund
  • Philly Ad Club TEENS Program

Contributions to these educational programs can be made anonymously; under the contributor’s name or corporate affiliation; in the name of another person, group or organization, and/or as a memorial to a dearly departed. The Philly Ad Club Educational Foundation will also gladly accept endowment contributions as a way to provide a lasting gift to these important educational programs.

If you would like further information or to make a contribution, please contact Office@PhillyAdClub.com.

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Philly Ad Club Educational Foundation
Scholarships

The Philly’s Future Scholarships have been in existence for many years and are a major source of giving by the Philly Ad Club and now the Philly Ad Club Educational Foundation. In past years, the organization has provided up to $40,000 in scholarship funding to 10 deserving college students.

The following cover the three potential sources of funding for the Philly’s Future Scholarships and the guidelines around which they can be provided:

  • Philly Ad Club Educational Foundation Sponsored – those that are funded by events and other sources provided and run by the Philly Ad Club in conjunction with the Philly Ad Club Educational Foundation.
  • Undesignated Contributions – those made by individuals or other sources for the purpose of adding funds to the overall Philly Ad Club Educational Foundation scholarship account.
  • Named Scholarships – those donations made with the purpose of honoring a specific individual, organization or cause and hence provided through the Philly Ad Club Educational Foundation.

Following are the guiding policies by which funds can be accumulated for the purpose of awarding them as scholarships under our Philly’s Future Scholarship Program.

Philly Ad Club Educational Foundation Sponsored

This includes the standard scholarship funding that has successfully been in place for a number of years.

Policy:

  • Events to be included are the Summer Outing Auction, EBay Car Auctions, Other Car Raffles, and other such club sponsored fundraisers that are classified as benefiting the Philly Ad Club Educational Foundation Scholarship Program prior to the coordination of the event or activity.
  • All procedures will continue to be followed as already put in place.
  • Tax deductibility for such donations will be determined by IRS rules and can be claimed by the contributors if so determined by their tax advisors.

Undesignated Contributions

This includes all donations made by one or more individuals for the purpose of adding funds to the overall scholarship account.

Policy:

  • Either single person or group contributions can be made in any denomination and will be added to the general fund to be distributed according to the standard levels of scholarships made within the current scholarship system.
  • These undesignated contributions can be made as one-time donations or as many times as the contributor wishes.
  • All contributors will be given an acknowledgment for IRS submission, as direct donations of cash to the Foundation are tax deductible (if a specific donation is made by more than one person, a complete list of contributors will be provided reflecting name, email address, and amount donated by each person).
  • Certain donations may be in property or services.
  • All cash donations are to be made by check (no credit cards or other forms of payment are to be accepted).
  • Donors will have no influence on the selection of recipients.

Named Scholarships:

This includes funds that are designated as a lump sum for the purpose of honoring a specific individual, organization or cause.

Policy:

  • Such named scholarships are to be made to the Philly Ad Club Educational Foundation in one lump sum at the minimum level of $2,500 (larger sums should be in increments that correspond with the standard levels of scholarships made within the current scholarship system).
  • It is preferred that such named scholarships be made for consecutive years and pledged for a reasonable length of time (suggested five years or more).
  • Single year named scholarships will be welcomed on a one-year basis only.
  • As all funds are required to be provided in a lump sum, the Philly Ad Club Educational Foundation asks that a list of donors (complete with name, email address, and amount contributed by each) accompany the contribution so the Foundation can issue receipts to each donor for reasons of tax deductibility.
  • These single lump sum contributions must be made by check (no credit cards or other forms of payment are to be accepted).
  • In addition, all named scholarships must be received by February 15 to be included with the other scholarships to be awarded for the same year and will be accepted at the discretion of the Philly Ad Club Educational Foundation.
  • Donors will have no influence on the selection of recipients.

To make an online donation to the Philly Ad Club Educational Foundation and/or Philly Ad Club Philly’s Future Scholarship, click here!

 

If you would like to make a donation specifically to the Jeff Finken Fund, please click here. If you would like to send a check, please make payable to, ‘Philly Ad Club Educational Foundation.’ Please note ‘Jeff Finken Fund’ in your check’s memo. Checks can be sent to P.O. Box 1155, c/o Seamless Events, Havertown, PA 19083.

 

If you would like further information, please contact Office@PhillyAdClub.com.