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 15th YMCA Charity Golf 2014 @ Sentosa Golf Club

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samuelng2902
Newbie Golfer
Newbie Golfer


Posts : 17
Join date : 2013-11-17

PostSubject: 15th YMCA Charity Golf 2014 @ Sentosa Golf Club   Tue Feb 18, 2014 1:56 pm

Dear golfers,

My organisation, YMCA of Singapore is organising its 15th YMCA Charity Golf tournament from 23 to 24 April 2014 at the Sentosa Golf Club.

YMCA is a charity that serves the community.

All proceeds from the 15th YMCA Charity Golf will go towards the YMCA-Lim Kim San Volunteers Programme Fund to enable YMCA to develop and enhance the capabilities of volunteers to serve the less privileged in our community.

Day 1 (23 April 2014)
Individual Tournament
Tanjong Course
Per ball @ $750 each
Per flight @ $3,000 each

Day 2 (24 April 2014)
Lim Kim San Corporate Challenge
Serapong Course
Per flight @ $6,000 each

As YMCA is an approved IPC (Institution of a Public Character), all cash contributions of $50 and above will entitle the donor to a tax relief of 250% the amount of cash contributed.

For example, a cash contribution of $750 for 1 ball on 23 April will entitle the donor to a tax relief of $1,875.
A cash contribution of $3,000 for 1 flight on 23 April will entitle the donor to a tax relief of $7,500.
A cash contribution of $6,000 for 1 corporate flight on 24 April will entitle the corporation to a tax relief of $15,000.

Should you or your organisation be keen to sign up, please feel free to contact me and I will be happy to link you up with my colleagues who are in charge of organising the event.

To view highlights from last year's event which was held at TMCC, please click here:
http://www.youtube.com/watch?v=J4sXUzg_gD0

Cheers.
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asahi
Course Marshal
Course Marshal


Posts : 10361
Join date : 2009-12-19
Age : 39

PostSubject: Re: 15th YMCA Charity Golf 2014 @ Sentosa Golf Club   Tue Feb 18, 2014 8:04 pm

Tax relief of 250%!?
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eqtrend
Junior Golfer
Junior Golfer


Posts : 160
Join date : 2012-05-22

PostSubject: Re: 15th YMCA Charity Golf 2014 @ Sentosa Golf Club   Tue Feb 18, 2014 8:15 pm

i don't believe so..  tax relief of $7500 from $3000 cash contribution means  your taxable income get reduced by $7500.  For example if one's income is 100,000 year, your taxable income will be 100,000 less of 7500, thus you will pay less but not full saving of 7500
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samuelng2902
Newbie Golfer
Newbie Golfer


Posts : 17
Join date : 2013-11-17

PostSubject: Re: 15th YMCA Charity Golf 2014 @ Sentosa Golf Club   Tue Feb 18, 2014 8:18 pm

asahi wrote:
Tax relief of 250%!?
As mentioned, tax relief of 250% on the amount contributed.


This means if you take up 1 ball @ $750, you can claim a tax relief of $1,875.
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samuelng2902
Newbie Golfer
Newbie Golfer


Posts : 17
Join date : 2013-11-17

PostSubject: Re: 15th YMCA Charity Golf 2014 @ Sentosa Golf Club   Tue Feb 18, 2014 8:20 pm

eqtrend wrote:
i don't believe so..  tax relief of $7500 from $3000 cash contribution means  your taxable income get reduced by $7500.  For example if one's income is 100,000 year, your taxable income will be 100,000 less of 7500, thus you will pay less but not full saving of 7500

Thanks eqtrend  Very Happy
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15th YMCA Charity Golf 2014 @ Sentosa Golf Club
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