The most successful Clambake event in the history of New College raised over $553,000 for student scholarships! The 43rd Annual Clambake was held Thursday, November 3rd.
Under a tent along the bayfront, 400 guests dined on New England fare and were treated to a spectacular sunset. President Pat Okker welcomed the crowd along with chairs Erin Christy, Doug Christy, and Charlene Heiser Wolff. Student speakers, Lu Paris and Fehmi Neffati spoke about the value of receiving scholarships toward their education. Rounding out the evening, Michael Klauber of Michael’s on East, led a boisterous paddle raise, which netted $194,000. All monies raised benefit student scholarships. Clambake has been one of Sarasota’s most popular philanthropic events for more than four decades.
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New College Foundation
If you are considering in giving to the New College Foundation’s Annual Clambake from your Donor Advised Fund (DAF) and to ensure your gift follows the current IRS guidelines for DAF support of an event, we would like to share the below guidelines with you
Raffle tickets, tickets to galas and other special events, auction items, and benefits conferred in connection with a DAF grant are not permitted. IRS has specifically ruled that costs associated with fundraising events cannot be separated, a practice known as “bifurcation.” For example, if the ticket breaks out the cost for the dinner and the gift to the charity, the donor must pay from sources other than their DAF for the full value of the ticket and not just for the non-charitable amount.
We recommend you confer with your financial advisor to confirm how you may still use your DAF to support New College Foundation’s Annual Clambake.