|Thank you for your interest in our Bicycle Africa. Most
Bicycle Africa programs are fund raising programs for the International Bicycle Fund.
Generally there are no scholarships as such, but reductions are available for certain
Briefly, here is how the last option works: On Bicycle Africa programs sponsored by IBF twenty percent of the fee goes directly to IBF and is tax deductible in the United States to the extent allowed by law. You can collect the deductible portion from any person(s) wishing to make a tax deductible contribution to IBF. (If you want you can collect money based on the number of miles you will ride or any other scheme that may help your effort and is legal.)
If you raise more than the "twenty percent figure," for every four dollars in donations you collect above this amount you will be given a one dollar credit on the "eighty percent figure." On a program costing $1000 (initially 20% ($200) is tax-deductible and 80% ($800) is the balance), the discount works as follows:
You have to turn in the contributions you collect and pay the balance before the program. In all cases the participant is still responsible for their transportation to Africa and out-of-pocket expenses, so you will still need some money in the bank or a benefactor
If you don't have the money in the bank, you are probably going to have to do two kinds of fund raising. By collecting "donations" for the International Bicycle Fund you can earn credit for the cost of the program. But, you still need your own "cash" for air fare and out-of-pocket expenses, so you will need to raise this kind of money as well.
There are probably an infinite variety of strategies for raising money, but the take initiative.
You best sources for "cash" are sources where tax-deductibility is not an issue:
There are more restrictions on money collected as tax-deductible contributions. If the donor wants the tax-deduction from contribution, it has to go entirely to the tax-exempt organization, the International Bicycle Fund. Often this is done in the context of "pledges" that are made per mile to be traveled, a flat amount or some other formula that you might devise that people will respond to. We can send you pledge forms to help you with this.
A lot of your success with this depends upon your creativity and enthusiasm. We wish you luck. Please let us know if you have any questions or want materials for fund raising please contact us.
For additional ideas on fundraising see Fund-Raising.com
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