Bank Accounts

[UCGL_Guy]

Ours goes through the school account that way donors can claim it to the irs as tax deductable. Setting up a 501 c account (this is to register with the IRS that you are a tax exempt org)is tedious and costs. It is a hassle and not real convient especially when you need a part quick. We also have what we call our robotics booster account that we keep a small amount in to buy parts quickly, althought this is not tax exempt. hope this helps, someone at your school or an accountant would best be able to answer your questions there.

KY