Foundation account - VTAstrobotics/Documentation GitHub Wiki

Foundation account

Virginia Tech Foundation is a nonprofit organization that is not VT. They basically help VT manage investments from donations. They

  • take 5% from each donation
  • are tax-exempt
  • occasionally nitpick
  • generally holds a good amount of Astrobotics' money

We interact with the Foundation through the AOE FSC, Erin. She handles a lot of back-and-forth with them so we don't have to. To spend, see this document.

While the Foundation mostly operates off of reimbursement, it can pre-pay VT Fleet rental cars or Enterprise in Christiansburg, competition registration fees, and airfare. The treasurer should schedule a meeting a few months in advance of any travel with the AOE FSC.

Note: We aren't even supposed to have a Foundation account. Since we are an RSO, we should just have an off-campus bank account.

For travel, get a complete list of all students' names in a given AirBnB. Reimbursements can only be submitted AFTER travel is done.

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