MFCR 2.02 The underlying thought in the establishment of the fund was to create (1) a living and continuing memorial to the 1961 World Team that would (2) be of assistance to future aspiring skaters. MFCR 2.03 The mission of the Memorial Fund is to provide qualified U.S. Figure Skating skaters in need of financial aid with monetary assistance to pursue their goals both inside and outside the competitive arena. The fund is committed to awarding skating and academic scholarships to those athletes who have demonstrated excellent competitive results and/or academic achievements and who have future potential in national and international competition. In order to fulfill this mission, the Memorial Fund seeks support from skaters, corporations, foundations and the general public. MFCR 2.04 The Memorial Fund also accepts restricted contributions for the use and benefit, consistent with its tax exempt purposes as set forth in the U.S. Figure Skating bylaws, of worthy skaters who are selected by the governing authority of a member club which is designated by the donor. Ten percent of restricted contributions is applied to the general funds of the Memorial Fund to assist in meeting administrative costs and to promote the general purposes of the fund. MFCR 2.05 The Memorial Fund retains complete control over all donated funds (including restricted contributions) in order to insure that all contributions will be used to carry out the tax exempt purposes of the fund.
MFCR 3.00 Organization MFCR 3.01 As originally organized, in March 1961, the Memorial Fund was a free standing Massachusetts Trust with its own tax deductible status. The trustees of the fund were the officers of U.S. Figure Skating. In 1979 the Memorial Fund was merged with U.S. Figure Skating but its assets and investments remain separate for administrative and accounting purposes as provided in Article XIX, Sections 1 and 7 of the U.S. Figure Skating bylaws.
MFCR 4.00 Administration MFCR 4.01 The Memorial Fund Committee has members and representatives in many of the member clubs, who serve as a source for the raising of money for the fund. Such efforts are accomplished by encouraging gifts in memory of skaters, friends and families and in commemoration of special occasions, by urging clubs to donate part or all of the net proceeds from carnivals and exhibitions which they sponsor, as well as any other means of raising money for the fund. MFCR 4.02 The chair of the Memorial Fund will annually send application forms for Memorial Fund scholarships to all eligible skaters and to all member clubs. Return applications will be evaluated initially by the Memorial Fund liaison at U.S. Figure Skating headquarters according to specific criteria developed by U.S. Figure Skating. The selection of candidates for skating and academic scholarships is made on the basis of financial need, competitive skating achievements and general impression. The candidate’s grade point average is also a factor for academic scholarships. The chair of the Memorial Fund, along with sectional representatives and an athlete representative from each section, designates the amount of the scholarships and oversees that they are used in accordance with the purpose of the Memorial Fund as set forth in the bylaws of U.S. Figure Skating.
MFCR 4.03 The Memorial Fund Operating Committee develops operating budgets and policies and is responsible for their implementation and interpretation in accordance with Article XIX, Section 4, of the U.S. Figure Skating bylaws.
MFCR 5.00 Tax Deductible Status MFCR 5.01 Contributions and bequests to the Memorial Fund are fully deductible for federal income, gift and estate tax purposes as charitable contributions by reason of a ruling by the Internal Revenue Service (Oct. 31, 1978, Ref. AUS:EO:78-3538) to the effect that U.S. Figure Skating, of which the Memorial Fund is a part, qualifies for such status under Section 501(c)(3) of the Internal Revenue Code of 1954, as amended. The Internal Revenue Service also has ruled (April 17, 1981, Ref. EO:7213: 309:BWS DAL: EO: 81-1342) that U.S. Figure Skating (and therefore the Memorial Fund) qualifies under Section 509(a)(1) of the code and hence is not a private foundation within the meaning of that term as defined therein.
Nominating NCR 1.00
NCR 2.00 NCR 2.01
NCR 3.00 Authority
NCR 1.01 A Nominating Committee is established each year pursuant to Article XV, Section 1, of the U.S. Figure Skating bylaws
Responsibility The Nominating Committee is charged with the responsibility for recommending suitably qualified candidates for
U.S. Figure Skating offices charged to it under Article XV, Section 2, of the U.S. Figure Skating bylaws, in accordance with the procedures outlined in NCR 4.00, including the processing of any additional nominations as described therein.
Elections
NCR 3.01 To be eligible for election to the Nominating Committee as one of the nine members referred to in Article XV, Section 1 (A), of the U.S. Figure Skating bylaws, a member must submit their name to the U.S. Figure Skating secretary on the election form provided by U.S. Figure Skating Headquarters no later than April 1 along with the following: A. A biography; B. A statement of qualification to serve, including residence and home club membership. In the case of an individual member, evidence of residency may be required.
As soon as possible following the April 1 deadline, the names along with resumes and statements of qualification of candidates for election to the Nominating Committee will be published on the Nominating Committee page of the U.S. Figure Skating website.
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