Gymdad2
Proud Parent
I think that is a great idea - it could be written in terms that we could really undestand and apply to our clubs. IRS.gov does have information on booster clubs (501 (c)3 but it takes some interpretation. It does say unequivocably that none of these funds from the club can go directly to the benefit one individual (or family member) which would rule out individual accounts. Check out Exemption Requirements - Section 501(c)(3) Organizations for more information.