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Net Proceeds to Benefit 2016 SPONSORSHIP PROPOSAL mgclongrun.com Saturday, February 6, 2016, Columbia, SC ABOUT MAC LONG RUN 15k Relay 5k Kids Fun Run Angus Woodblock & Course is proud to bring the
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Net proceeds to benefit refer to the remaining funds after deducting expenses and taxes, which are intended to be used for a specific purpose or beneficiary.
Individuals or organizations who have conducted fundraising campaigns or events where proceeds are collected for a designated cause or beneficiary are required to file net proceeds to benefit.
Net proceeds to benefit can be filled out by detailing the total amount collected, deducting expenses and taxes, and specifying the intended purpose or beneficiary for the remaining funds.
The purpose of net proceeds to benefit is to ensure transparency and accountability in fundraising activities, by tracking the use of funds collected for a specific cause or beneficiary.
Information such as the total amount collected, detailed breakdown of expenses and taxes deducted, and the designated purpose or beneficiary must be reported on net proceeds to benefit.
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