Purpose: The purpose of the Sponsorship and Marketing
Fund is to provide monies to aid in obtaining sponsors for USOF and its member
clubs, public relations for the federation, and the marketing of orienteering
as a sport and/or recreational activity in the
Administration: The Sponsorship and Marketing Fund is
administered by the USOF VP Marketing & Public Relations, or his/her
designate. By approving the annual
budget for the Sponsorship and Marketing Fund, the USOF Board of Directors
empowers the fund administrator to authorize disbursement of monies from the
Sponsorship and Marketing Fund up to the amount budgeted for that purpose. Disbursements from the Sponsorship and
Marketing Fund may not at any time exceed the cash balance in the fund. The fund administrator is required to
maintain appropriate records and produce budgets and financial statements
regarding annual Sponsorship and Marketing Fund activity.
Sources: Sources for support and revenue for the
Sponsorship and Marketing Fund are:
1.
Contributions
to USOF designated for sponsorship, marketing or public relations activities.
2.
Undesignated
contributions to USOF authorized by the USOF Board of Directors to be used for
sponsorship, marketing, or public relations activities.
3.
Transfers from
the USOF Operating Fund authorized by the USOF Board of Directors to be used
for sponsorship, marketing, or public relations activities.
Uses: Monies in Sponsorship and Marketing Fund may
be disbursed as:
1.
Expenses
related to obtaining sponsorship for the federation
2.
Expenses
related to marketing orienteering in the
3.
Expenses
related to public relations for USOF, its Teams or member clubs.
4.
Loans or
grants to USOF members or clubs for sponsorship, marketing or public relations
projects.
5.
Administrative
costs related to the management of the monies in or projects funded by the
Sponsorship and Marketing Fund as budgeted and authorized by the fund
administrator.
Dissolution: The Sponsorship and Marketing Fund may be
dissolved by majority vote of the USOF Board of Directors. Monies remaining in the fund at dissolution
must be disbursed or transferred in a manner consistent with the intention of
their designation to the Sponsorship and Marketing Fund.
Updated and passed 11/12/05