FREQUENTLY ASKED QUESTIONS
QUESTION
What is the difference between the Nyoda Alumnae Association and The Foundation at Nyoda.
Answer
The Foundation at Nyoda is a 501©3 organization governed by the Internal Revenue Service. Officers of the Foundation are all members of the Nyoda Alumnae Association.
The Nyoda Alumnae Association has no tax status with the IRS. Donations to the Nyoda Alumnae Association may be used for any purpose, generally major capital projects and are not tax deductible.
QUESTION
How do I choose which entity to give my donation?
Answer
The Foundation at Nyoda was created to support and sustain the longevity of Camp Nyoda with the use of financial instruments that are governed by the IRS. We are able to create an interest bearing Endowment to fund scholarships for campers and education for both campers and counselors long into the future.
QUESTION
How do I know how my donation is being used?
Answer
All donations are designated by the donor as restricted: donor determines the dispersal of funds within IRS guidelines, or un-restricted: Alumnae seated on the Board along with Ex-Officio member Peggy Daly designate how the funds are distributed - either a camper in need, or an education project. All donations to The Foundation at Nyoda are tax exempt.
QUESTION
May I donate a legacy gift?
Answer
At the request of many Alumnae, we are able to provide an opportunity for planned giving made in lifetime or at death as part of a donor’s overall financial and/or estate planning.
QUESTION
How is my donation to The Foundation at Nyoda acknowledged?
Answer
You will receive a letter thanking you for your donation accompanied by the necessary information to insure that you can book your donation as tax exempt.
QUESTION
I am still a bit confused about the difference between a gift to The Foundation at Nyoda and the Alumnae Association.
Answer
The Alumnae Association is permitted to direct donations to any project that Camp Nyoda desires - historically, that has been capital projects like the infirmary.
Peggy Daly has a dream to to construct a living science center. In this scenario: the Alumnae Association could direct financial support to construction. The Foundation at Nyoda is permitted by law to fund training and instruction materials that reside within the science center.