Donation/Sponsorship

Proposal for Supporting the International Sports Council (ISC)

As we establish the International Sports Council (ISC) Headquarters in the United States, we have a remarkable opportunity to create a world-class multi-sports complex with an estimated cost of around $500 million. This state-of-the-art facility will not only showcase office buildings but will also support a diverse array of indoor and outdoor sports, including Cricket, Yoga, Martial Arts, Basketball, Hockey, Football, Volleyball, Athletics, Swimming, and more. Athletes from various backgrounds—Americans, Africans, Latinos, Asians, and beyond—will be welcomed to practice, compete and thrive here.

Contributing to this sports complex will enhance your reputation not only in the United States but worldwide for decades and generations, reflecting our commitment to diversity and inclusivity. Importantly, your donations won’t come directly from your personal or business profits; instead, they can be redirected from the taxes you are obligated to pay to the U.S. government, as the ISC is recognized as a Public Charity, like the United States Olympic Committee in the International Olympic Committee (IOC) in the Switzerland but US laws are most strict in the world for the abuse of these Nonprofit charity funds as comparable to the Swiss laws which are very less transparent as compared to the United States, so your donation funds are in the Best Country and Best Hands for the maximum development of the humanity through sports without corruption and sport politics.

By donating to the ISC, you can fulfill your tax obligations while supporting a meaningful cause that directly benefits our community. This donation will not only make an impact in the present but will also contribute to the development of a world-class sports complex that you can take pride in for decades. Future generations will admire your commitment to fostering a health-promoting facility that encourages community engagement and athletic excellence. There will also be the office Suites for the member International Sports Federations (ISF) to run their office from the United States with world-class coaching, seminars and other events in our headquarter.
As a business owner, whether American or a non-U.S.-based entity operating within the USA, you may be eligible for tax benefits when making donations to the International Sports Council (ISC). For the most up-to-date information, please consult your U.S. IRS tax professional and reference ISC’s EIN 92-1487040 on the Unites States Govt website https://apps.irs.gov/app/eos/. Below are some scenarios highlighting the potential tax advantages:
  1. As an Individual: Resident in the USA: Donations to IAKF, a qualified 501(c)(3) organization, are typically deductible up to 60% of your Adjusted Gross Income (AGI) for Donation contributions. This deduction can reduce your taxable income, potentially lowering your overall tax liability. Foreigner in the U.S.: Non-resident aliens may only deduct donations if they are connected to U.S.-sourced income.

  2. As an LLC Owner: If your LLC is a pass-through entity, donations can be deducted on your individual tax return, like individual contributions, up to the AGI limits. If the LLC is taxed as a C-Corporation, then it follows the corporate guidelines.

  3. As an S-Corp Owner: Shareholders can take a deduction for donations on their personal tax returns, which may be limited to 60% of AGI for cash donations.

  4. As a C-Corp Owner: C-Corporations can deduct charitable contributions, limited to 10% of taxable income. Contributions not used can be carried forward for up to five years.

  5. As an LLP Owner and Limited Company Owner: Partners in LLPs can deduct donations on their individual tax returns, matching the individual contribution rules. Limited companies may follow similar tax guidelines as LLCs.

Major FAQs:

There limits on how much I can donate?
Yes, cash donations to 501(c)(3) organizations can generally be deducted up to 60% of your AGI. Different limits apply to donations of property or other assets.
What happens if I over-donate?
If you exceed the deductibility limits in a given tax year, you may typically carry over the excess amounts to future tax years, depending on IRS regulations.
Can I receive something in return for my donation?
If you receive goods or services in return, their value must be deducted from the amount you can claim as a charitable contribution. Donations made by Foreign Nationals outside the United States won’t get Tax Benefits.

Top Countries with Strict Laws for Public Charity Transparency and Punishments:

1.United States: Charities must file IRS Tax Form 990, which details financial activities, funding sources, and expenditures. Non-compliance can lead to fines, loss of tax-exempt status, and potential criminal charges for fraud. YOUR DONATION IS AT THE RIGHT PLACE, RIGHT AND THE RIGHT COUNTRY.

2.United Kingdom: Charities need to provide an annual return detailing their activities and finances. Breaches can result in fines, criminal charges, or revocation of charity status.

3.Canada: Charities must submit detailed annual reports and financial statements. Fines, loss of registration, and audits can result from non-compliance.

4.Australia: Charities are required to submit annual financial reports. Non-compliance can lead to fines and deregistration.

5.Germany: Charitable organizations must comply with strict regulations and publish comprehensive reports. Violations can lead to tax penalties and loss of charitable status.

6.France: Charities must submit annual activity and financial reports. Non-compliance can incur fines, loss of status, and possible criminal prosecution for mismanagement.

7.Sweden: Nonprofits must adhere to stringent financial reporting. Non-compliance leads to penalties and loss of tax-exempt status.

8.Netherlands: Charities must register and provide clear accounts annually. Non-compliance can result in fines and removal from the register of charitable organizations.

9.Norway: Charitable organizations must file annual reports. Violating regulations can lead to penalties and the loss of nonprofit status.

10.New Zealand: Charities are required to submit annual returns. Non-compliance can result in fines and deregistration.

11.Switzerland (The home of International Olympic Committee, IOC): Charities must register and provide BASIC financial information. While penalties exist, enforcement is often considered less stringent compared to other countries on this list. Switzerland is on #11 in the list of Stringent Laws as compared to the USA on the top. That’s why there is always Corruption and Bribery news against International Olympic Committee, but flexible laws protect them again and again. These several hundreds of millions of Dollars EVERY YEAR of donations were coming to the US Based organization or Olympic Headquarter was in the United States then there won’t be repeating news with same Management.