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CLUB FUNDING WORKSOP FUNDING For Clubs and Organizations Office of Student Activities 3 rd Floor, Student Center E 311 www.loyola.edu/clubs h
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3 Sources of Funding Education for Life Committee SGA Finance Committee Fundraising
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Education for Life Committee www.loyola.edu/educationforlife www.loyola.edu/educationforlife Chairperson: Mark Lee, Director of Technology and Graduate Student Services, Student Development Division This Committee delegates much needed funds to support educational and diversity programming on Loyola's campus. Specific monies are earmarked to support student and student leader professional development and conference attendance. Students attending a conference should be prepared to share what they have learned with their peers after the conference. Visit the website for specific information about criteria for funding and how to submit a request. Providing details is important.
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SGA Finance Committee Student-led Committee Meets Tuesday evenings during Senate meetings Chairperson: Dan Polizzano, SGA Chief Financial Officer Guidelines and request forms are available in Student Activities. Your club’s moderator must sign the request form. Coming soon: submit requests electronically Conference funding is available (maximum $1000). Submit conference cost breakdown on a special form. The Committee will not fund for food/beverages unless the club’s sole operation relies on it. Fundraising is encouraged, and clubs may request start-up costs. Clubs keep the profit and return start-up money. Guest speaker funding is available up to $250.
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SGA Finance Committee continued Paying a guest speaker requires the speaker to submit a W-9 form or invoice with SS# or Tax ID number well in advance. Providing details about other funding sources is important. Student out-of-pocket contribution may be considered. Must submit request form to the Office of Student Activities at least 10 DAYS PRIOR to the date the funds are needed. Once funding is approved, payment will be on a reimbursement basis – save receipts. Submit receipts within 1 month of your transactions. If other payment arrangements are necessary (examples: cash advance, paying an instructor or guest speaker), students must work with Melody Huebel, Office Manager. Funds appropriated to a club must be spent before the school year ends.
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Fundraising Fundraisers must be approved in advance by Student Activities. Communicate fundraising plans with your club moderator. Clubs may apply to the SGA Finance Committee for funds to cover fundraiser start-up costs. All money raised during a fundraiser must be brought to the Office of Student Activities so money may be deposited for safe-keeping. Students access this money by working with the Office Manager, Melody Huebel. Clubs are not permitted to fund a guest speaker using money from outside organizations. Students may not donate via the Evergreen Card unless they are purchasing a specific good or service related to a fundraiser. Students must use money obtained through fundraising by the end of the school year in which the money was raised.
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Helpful Hints Plan ahead. Apply for funding as early as possible. Be thorough and provide as much detailed information as possible when applying for funding. Keep your moderator in the loop. Get to know Melody Huebel, Office Manager in Student Activities. Email Dana Dalton, ddalton@loyola.edu, with questions or visit Student Activities in person.ddalton@loyola.edu
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