Ricky Martin Foundation



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Corporate Information

The Ricky Martin Foundation is a tax-exempt, non-profit corporation organized in 2000 under the laws of Puerto Rico, Section 501 (c) (3) of the US Internal Revenue Service Code and Section 1101 of the Internal Revenue Code of Puerto Rico L.P.R.A. section 8501, or the corresponding section of any future federal tax code of both jurisdictions.

We sincerely appreciate your contribution on behalf of the most vulnerable population. Your donation is deductible to the fullest extent allowed by law. Thanks for your support. Please visit us at the Support Us section or click here and learn how to become an advocate for children’s rights globally.

As a social responsible citizen, corporation, entity or community leader please review our fundraising guidelines and join us as an advocate of children’s rights. Read below our Fundraising Guidelines.

USE OF THE RICKY MARTIN FOUNDATION LOGO AND/OR NAME

The name Ricky Martin Foundation may only be reproduced on signs, banners, publications, literature, or other printed materials after consulting our office.

All written material about the event or project including, but not limited to letters requesting contributions, promotions, ads, tickets, programs, brochures, flyers, and press releases, are to be reviewed and approved by the Ricky Martin Foundation prior to printing any of the aforementioned, including use of the foundation’s logo.

The Ricky Martin Foundation may only be identified as the beneficiary of the event or project. For instance, the organizers cannot dub an event or project, “The RMF Walkathon” or “The Ricky Martin Wristbands”. The event should be promoted as the “XYZ Walkathon” for the benefit of the Ricky Martin Foundation.

LIABILITY

The Ricky Martin Foundation is not financially or otherwise liable for the promotion or staging of special events or projects.

The total cost to produce the event or project should not exceed 20% of gross receipts. If possible, the event or project should be underwritten by the organizer or an identified sponsor or sponsors. If this cannot be done then:

i) An itemized expense budget with projected revenue, identifying the specific percentage of the profit that will be donated to the RMF must be submitted to the RMF in advance (two months prior to the event) of fundraising for the Board’s review and approval.

ii) When the event or project is approved, all printed materials and promotions must clearly state the percentage of the ticket price that is being donated to the RMF (Example: 100% of your donation will go to RMF.)

The Foundation should be informed, in advance, of any companies who are approached for underwriting or contributions for the event or project, so as not to overlap with existing RMF supporters.

All money raised on RMF’s behalf must be obtained through legal means.

Event or project organizers accept all liabilities incurred from the event.

Event or project organizer is responsible for filing any necessary fundraising permits, and providing insurance coverage. Organizers must provide copies of insurance certificates and permits. The RMF cannot be held responsible in any way for casualties and/or situations that occur at your special event.

Receipting and Tax-Deductibility of Charitable Donations
to 501(c) (3) Organizations

All donation are payable by checks and are to be made payable directly to The Ricky Martin Foundation. No cash or money orders will be accepted.

If goods and/or services are received in return for charitable donations (i.e. auction purchases, tokens of appreciation, “giveaways”, meals, beverages, etc.) the fair market value of those goods and/or services should be determined and communicated to individuals prior to their making a donation. The value of goods and/or services will be deducted from the total donation amount to determine the tax-deductible portion of the donation.

All donations made payable to and received by the RMF will receive an official receipt for tax purposes outlining the tax-deductible portion of their donation. Whereas, the name appearing on the check received by the RMF will be used for receipting purposes and that individual, corporation, foundation, etc. will be the eligible party for tax benefits received as a result of the donation.

If donations are deposited to a separate account outside the RMF and subsequently donated in a single sum to the RMF, only the individual, organization, etc. whose name appears on the check will receive tax benefits for the donation. Donors contributing in this circumstance should be made aware that their gift will not be acknowledged as a tax-deductible donation to the RMF.

how can the ricky martin foundation help
Offer general advice on event or project planning. Provide brochures and/or publications for distribution at the event. Provide volunteers, if possible.

what the ricky martin foundation cannot do
Provide any sponsors, celebrities or speakers for the event or project. Provide insurance and/or liability coverage. Provide funding for expenses and /or sponsorship. Provide Ricky Martin Foundation stationery. Provide staff support.