Karen R. Ichiba

Accounting Services - Fundraising Events & Gift Compliance Specialist

Karen ensures Org. Units comply with University policies & procedures in conducting fundraising events. In addition she assists in compliance of IRS, State of Colorado, and local taxing jurisdictions regulations that pertain to fundraising events. She is responsible for reconciling event revenues and issuing gift tax receipts for all fundraising events. She also works on procedural guidance, campus training, and, web content for University sponsored fundraising events.

Questions Karen Can Answer

• What is the difference between a donor cultivation (official function) event and a fundraising event?
• Can we use our tax exempt status for the catering purchase at our fundraising event?
• In conducting a silent auction, do we charge sales tax on all goods and services?

What Karen Cannot Answer, but Will Point You in the Right Direction

• What is the process for setting up a credit card account for my fundraising event?
• Can you approve the campus location for my fundraising event that will be serving alcohol?

Facts

• A CU Alumna of two campuses: UCD, MPA, Policy Analysis & Evaluation, and UCB, BA, Geography, Economics minor
• Has been with the University for 5 years.
• Previously worked as the Executive Director of the Mtn. & Plains Intergovernmental Audit Forum, and as an Evaluator with the US Government Accountability Office.
• Also worked with numerous non-profit organizations doing, volunteer fundraising (there's a theme here).