Frequent Traveler University (FTU) Events [merged]
Feb 7, 2016, 11:58 pm
#242
Join Date: Jun 2005
Location: Charlotte, NC, USA | CLT, formerly LHR & AMS (with just a bit of PSP)
Programs: BAEC Gold, Hilton Diamond, BonVoy Titanium, (soon former) Caesars7*, (former) Wynn Black, HR "Icon"
Posts: 8,172
Feb 8, 2016, 12:14 am
#243
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 48,187
Feb 8, 2016, 12:17 am
#244
Join Date: Jun 2005
Location: Charlotte, NC, USA | CLT, formerly LHR & AMS (with just a bit of PSP)
Programs: BAEC Gold, Hilton Diamond, BonVoy Titanium, (soon former) Caesars7*, (former) Wynn Black, HR "Icon"
Posts: 8,172
I believe it is a non-profit. Not all non-profits are charities, but that is not my area of expertise.
I do know for a fact, that the FTU Blackjack Tournament is 100% for charity (after cost expenses). So, I can only speak to that. Since, well, I prefer to speak to things I can speak to with 100% authority.
I do know for a fact, that the FTU Blackjack Tournament is 100% for charity (after cost expenses). So, I can only speak to that. Since, well, I prefer to speak to things I can speak to with 100% authority.
Feb 8, 2016, 1:57 am
#245
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 48,187
https://www.irs.gov/Charities-&-Non-...-Organizations
Exemption Requirements - 501(c)(3) Organizations
To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual. [...]
Organizations described in section 501(c)(3) are commonly referred to as charitable organizations. [...]
The organization must not be organized or operated for the benefit of private interests, and no part of a section 501(c)(3) organization's net earnings may inure to the benefit of any private shareholder or individual. If the organization engages in an excess benefit transaction with a person having substantial influence over the organization, an excise tax may be imposed on the person and any organization managers agreeing to the transaction.
To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual. [...]
Organizations described in section 501(c)(3) are commonly referred to as charitable organizations. [...]
The organization must not be organized or operated for the benefit of private interests, and no part of a section 501(c)(3) organization's net earnings may inure to the benefit of any private shareholder or individual. If the organization engages in an excess benefit transaction with a person having substantial influence over the organization, an excise tax may be imposed on the person and any organization managers agreeing to the transaction.
Feb 8, 2016, 2:04 am
#246
Join Date: Jun 2005
Location: Charlotte, NC, USA | CLT, formerly LHR & AMS (with just a bit of PSP)
Programs: BAEC Gold, Hilton Diamond, BonVoy Titanium, (soon former) Caesars7*, (former) Wynn Black, HR "Icon"
Posts: 8,172
oliver2002, there was a DIRECT question about the Blackjack Tournament. I answered that question directly.
I also said :
"I believe it is a non-profit."
I also was very transparent in saying that that is not my area of expertise, and that I was NOT speaking to that.
I was very specific, in my response, which was :
"Only the blackjack tournament is a charity event."
I do not believe I am misleading you or anyone else, with my answer. I would suggest, if you want to have a "general" conversation vis-a-vis FTEF and it's tax status that you start a new thread with regard to this.
or to clarify, the only charity event being referenced (above) was the blackjack tournament.
I also said :
"I believe it is a non-profit."
I also was very transparent in saying that that is not my area of expertise, and that I was NOT speaking to that.
I was very specific, in my response, which was :
"Only the blackjack tournament is a charity event."
I do not believe I am misleading you or anyone else, with my answer. I would suggest, if you want to have a "general" conversation vis-a-vis FTEF and it's tax status that you start a new thread with regard to this.
or to clarify, the only charity event being referenced (above) was the blackjack tournament.
Last edited by baccarat_king; Feb 8, 2016 at 2:07 am Reason: clarify reference to charity and blackjack tourney
Feb 8, 2016, 2:42 am
#247
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 48,187
I do not believe I am misleading you or anyone else, with my answer. I would suggest, if you want to have a "general" conversation vis-a-vis FTEF and it's tax status that you start a new thread with regard to this.
or to clarify, the only charity event being referenced (above) was the blackjack tournament.
or to clarify, the only charity event being referenced (above) was the blackjack tournament.
Feb 8, 2016, 2:47 am
#248
Join Date: Jun 2005
Location: Charlotte, NC, USA | CLT, formerly LHR & AMS (with just a bit of PSP)
Programs: BAEC Gold, Hilton Diamond, BonVoy Titanium, (soon former) Caesars7*, (former) Wynn Black, HR "Icon"
Posts: 8,172
You have brought the thread off topic oliver2002, I do not mind the references but that conversation should be in the other thread you reference. If someone was concerned about the charitable aspects of the Blackjack Tournament, I can answer those directly. And, I would be more than happy to answer those questions directly and as transparently as possible.
Feb 9, 2016, 8:35 pm
#249
A FlyerTalk Posting Legend
Join Date: Apr 2001
Location: PSM
Posts: 69,232
What is a "Signature" event and why is it different from Advanced or whatever other names they are called by these days? Agenda seems to be mostly the same people as all the others.
Beyond that, a blackjack tournament rather than poker??
Beyond that, a blackjack tournament rather than poker??
Feb 9, 2016, 9:02 pm
#250
Join Date: Sep 2008
Location: BWI
Posts: 1,782
Maybe more people play 21? Or people like to beat the house but not other players (friends?)
Feb 10, 2016, 12:16 am
#251
Join Date: Jun 2005
Location: Charlotte, NC, USA | CLT, formerly LHR & AMS (with just a bit of PSP)
Programs: BAEC Gold, Hilton Diamond, BonVoy Titanium, (soon former) Caesars7*, (former) Wynn Black, HR "Icon"
Posts: 8,172
Some more details, since people have been asking about MS and how things are going to be arranged at this FTU.
The all-day Manufactured Spend boot camp intensive is sold out, but fear not. For those with interest in MS, there are still sessions on the latest and greatest Manufactured Spend opportunities on both Saturday and Sunday that are included with the FTU Signature Event. Instead of spending the entire day on just one subject, there will be two 1 ½ hour sessions over two days and it also gives you the opportunity to attend a variety of the other sessions available during the weekend. There will be 3 sessions running concurrently during the day so attendees at the FTU Signature Event will be spoilt for choice. Plus, not every session is repeated at every FTU so there is bound to be something new for those who have attended FTU's before.
Sample sessions include:
— What is it like to live in hotels full time?
— Finding Cheap Premium Fares
— Introduction to Mileage Running: Costs and Benefits
— International Upgrade Methods and Strategies
— Using ExpertFlyer
— Live Award Bookings
— Advanced booking techniques for revenue tickets
— Non-traditional awards and miles
— What is it like to live in hotels full time?
— Finding Cheap Premium Fares
— Introduction to Mileage Running: Costs and Benefits
— International Upgrade Methods and Strategies
— Using ExpertFlyer
— Live Award Bookings
— Advanced booking techniques for revenue tickets
— Non-traditional awards and miles
Hey, I rather have a baccarat tournament. But, I digress.
Feb 10, 2016, 5:04 am
#252
A FlyerTalk Posting Legend
Join Date: Apr 2001
Location: PSM
Posts: 69,232
Plus, not every session is repeated at every FTU so there is bound to be something new for those who have attended FTU's before.
Feb 10, 2016, 8:33 pm
#253
Original Member, Ambassador: External Miles and Points Resources
Join Date: May 1998
Location: Digital Nomad Wandering the Earth - Currently in LIMA, PERU
Posts: 58,626
Beyond that, a blackjack tournament rather than poker??
'Cause that's where the money is. @:-)
PS, isn't the InsideFlyer Kiva charity Lending Team pretty much the original manufactured spending vehicle!?
Last edited by kokonutz; Feb 10, 2016 at 8:43 pm
Feb 10, 2016, 9:03 pm
#254
A FlyerTalk Posting Legend
Join Date: Apr 2001
Location: PSM
Posts: 69,232
Feb 11, 2016, 2:39 pm
#255
Original Member, Ambassador: External Miles and Points Resources
Join Date: May 1998
Location: Digital Nomad Wandering the Earth - Currently in LIMA, PERU
Posts: 58,626