U.S. TAXPAYER? MAKING A DONATION TO A LOCAL NONPROFIT?

SIMPLY CLICK GIVE NOW – FOR U.S. TAXPAYERS TO MAKE A credit or debit card DONATION.

Steps to Making an Off-Line Donation for U.S. Taxpayers

If you are a U.S. Taxpayer wishing to receive a tax receipt that satisfactorily meets the Internal revenue Service Substantiation and Disclosure Requirements and you wish to make your donation via international wire transfer, local bank transfer or cheque, please complete the following steps:

1.     Complete a gift intention form.  For fundraising events or campaigns, a sponsoring charity may provide you with a branded gift intention form.  It is fine to use either form!

NOTE: If you are a formal foundation or company with no prior donor relationship with Friends of BCF AND you require more information about the foundation's 501c3 status, please either complete the gift intention form and make a note requesting FBCF's 501c3 IRS Determination Letter or other documents, OR scan us a brief signed request for the same, on company/foundation letterhead.  We ask you to request this additional information formally for Bermuda AML/KYC due diligence purposes.

2.     You may then make your gift fund transfer (see FBCF payment methods doc). Donors to America's Cup related initiatives, please see instructions below.

3.     Friends of BCF confirms receipt of funds with you, the donor and verifies the charitable status of the proposed recipient and any other due diligence required.  We will not respond to queries from nonprofits about the status of a donor’s gift.

4.     Friends of BCF’s board ratifies the designated grant

5.     Friends of BCF issues a grant confirmation letter to the charity, along with a request for bank details from the charity

6.     Friends of BCF then issues the grant to the named charity minus an administration fee* (or fee appropriate to the transaction in the case of setting up a donor-advised or other legacy fund).  ALL FOREIGN CURRENCY PURCHASE TAX (FCPT) AND FOREIGN CHEQUE CASHING CHARGES ARE DEDUCTED FROM THE DONATION, IN ADDITION TO THE ADMINISTRATION FEE.  *FBCF's current fee schedule

If you are a donor affiliated with the America's Cup Endeavour Community Sailing Fund AND wish to receive a tax receipt, please use the following Bank and Wire Transfer Information America's Cup Donor Fund Contribution Payment Instructions with the America's Cup Gift Intention Form.

FBCF is a US registered public charity exempt from Federal income tax under section 501 (c) (3) of the Internal Revenue Code.  Its EIN is 38-3938349.