• DINS DAY IS APRIL 25

 #71320  by Roundball
 Tue Apr 25, 2023 12:59 pm
It's fun to watch the progress. Folks are stepping up big time.
Football 142 $37,267
Men's Basketball 127 $31,798
Paladin Scholarship Fund 120 $38,166
 #71321  by Roundball
 Tue Apr 25, 2023 1:20 pm
Well, it looks like this tweet from April 20 has been deleted. In this tweet, there no was no mention of a chance to win based on giving levels. It read that by giving at those levels, you would receive the incentive. I wonder which one Furman will honor? That was also the case with the original tweet about the framed picture. It changed too. It was probably an oversight, and no big deal. I am just grateful to be able to support the program. That is all the incentive I need.
Last edited by Roundball on Tue Apr 25, 2023 2:56 pm, edited 2 times in total.
 #71323  by FU Hoopla
 Tue Apr 25, 2023 1:30 pm
Roundball wrote:
Tue Apr 25, 2023 12:59 pm
It's fun to watch the progress. Folks are stepping up big time.
Football 142 $37,267
Men's Basketball 127 $31,798
Paladin Scholarship Fund 120 $38,166
Those are not correct, maybe you're looking at last year's totals?
 #71326  by Roundball
 Tue Apr 25, 2023 1:59 pm
FU Hoopla wrote:
Tue Apr 25, 2023 1:30 pm
Roundball wrote:
Tue Apr 25, 2023 12:59 pm
It's fun to watch the progress. Folks are stepping up big time.
Football 142 $37,267
Men's Basketball 127 $31,798
Paladin Scholarship Fund 120 $38,166
Those are not correct, maybe you're looking at last year's totals?
Yes. Thanks for pointing that out. I need to delete that post now.
 #71335  by FU Hoopla
 Tue Apr 25, 2023 4:50 pm
FU Hoopla wrote:
Tue Apr 25, 2023 2:31 pm
So far top 2 most money raised:

Men's Basketball $40,051
Football $26,391

https://www.givecampus.com/schools/Furm ... s-day-2023


So far top 2 most money raised:

Men's Basketball $42,877
Football $32,569

https://www.givecampus.com/schools/Furm ... s-day-2023
Roundball liked this
 #71336  by fupaladin01
 Tue Apr 25, 2023 4:53 pm
It seems that laws were enacted in SC since last year that preclude a college from guaranteeing items in exchange for gifts/donations. I assume this has to do with the law viewing such a guarantee as essentially a sale and the tax liability is undoubtedly lower for a donation than for a direct sale. So in order to qualify as a pure "donation", Furman must provide only a "chance to win" a shirt, framed photo, basketball, etc.
My understanding is that Furman basketball will try to make sure many people have a good chance at receiving a prize, though they are unable to guarantee any gift as it might be construed as a quid pro quo.
Roundball liked this
 #71337  by Roundball
 Tue Apr 25, 2023 5:03 pm
fupaladin01 wrote:
Tue Apr 25, 2023 4:53 pm
It seems that laws were enacted in SC since last year that preclude a college from guaranteeing items in exchange for gifts/donations. I assume this has to do with the law viewing such a guarantee as essentially a sale and the tax liability is undoubtedly lower for a donation than for a direct sale. So in order to qualify as a pure "donation", Furman must provide only a "chance to win" a shirt, framed photo, basketball, etc.
My understanding is that Furman basketball will try to make sure many people have a good chance at receiving a prize, though they are unable to guarantee any gift as it might be construed as a quid pro quo.
Makes sense. Someone just messed up with that first tweet. Quite frankly, I did not understand how everyone that gave $43.00 could get the framed picture, unless funds were donated to cover the costs.