Grab PIN Blog FeedPIN has big news to announce our 7th Annual Golf Tournament is going to be Thursday June 7th at The Signature at West Neck 1PM shotgun start. The Signature is an Arnold Palmer designed golf course that is rated at the 15th best golf course in Virginia. We will have a great buffet dinner for the golfers in their dining facility at 6PM after golf. Last year we raised $18,000, which was used to provide food, clothing, and medical care for the homeless. One of the new things we were able to do is providing dental care for the homeless with money generated from PIN’s golf tournament.
PIN will also be offering any company that sponsors at (Eagle Sponsor $2,500) or more a Virginia State Tax Credit (NAP) worth 40 cents on the dollar donated. The Tax Credit is in addition to the deduction that results from your donation. So if you were able to do the $2,500 sponsorship PIN will give you an additional $1,000 worth of state tax credits off of your companies State tax liability and a $4,000 donation to PIN could give you $1,600, and finally a $10,000 you would get $4,000 …Thanks for even considering this.
If you have any questions or want more information about the Tax Credits or about the Tournament please feel free to contact Dallas Stamper at (757) 813-4777 or by email at dallas.stamper@pinministry.org
Sponsorship Levels for 2012:
Tournament Sponsorship = $10,000 (Only one Tournament sponsor allowed)
A) Logo on the Tournament banner
B) Your Banner Displayed prominently on the golf course
B) Two hole sponsorships (One on the front nine, One on the Back nine)
C) Logo on the front of the 10,000 professional created color brochures
D) 3 (4 Person team in the tournament)
E) $4000 worth of Virginia State Tax Credits
Hole In One Sponsor = $4000
A) Hole sponsorships
B) Sponsorship of Closest to the PIN or Longest drive
C) Large Logo on 10,000 Professional created color brochures
D) 2 (4 Person team in the tournament)
E) $1,800 worth of Virginia State Tax Credits
Eagle Sponsor = $2,500
A) Hole sponsorships
B) Large Logo on 10,000 professional created color brochures
C) 2 (4 Person team in the tournament)
D) $1,000 worth of Virginia State Tax Credits
Birdie Sponsor = $1,000
A) Hole sponsorships
B) Medium Logo on 10,000 professional created color brochures
C) 4 Person team in the tournament
Hole Sponsorship = $500
A) Hole sponsorships
B) Small Logo on 10,000 Professional created color brochures
Information on how tax credits work.
Value Received for Eagle Sponsor: $2,500
Deduction Value at 30% Rate: $750
Additional Virginia State Tax Credit: $1,000
2 Golf Teams: $760
Total Value: $2,510
Value Received for Hole In One Sponsor: $4,000
Deduction Value at 30% Rate: $1,200
Additional Virginia State Tax Credit: $1,800
2 Golf Teams: $760
Total Value: $3,760
Value Received for Hole In One Sponsor: $10,000
Deduction Value at 30% Rate: $3,000
Additional Virginia State Tax Credit: $4,000
2 Golf Teams: $760
Total Value: $7,760