Chapter Finances

Medical Students for Choice offers funding for student events.

If you have a question about funding, please contact students@msfc.org before you spend your own money.

Reimbursements Most funding from MSFC Headquarters is accessed through a reimbursement process. Reimbursement Form Reimbursement requests may only be submitted by a chapter’s Student Leader. However, expenses may be incurred by others; the Student Leader just needs to sign off on all reimbursements in the group’s name. Reimbursement requirements: Must include completed reimbursement request form Must include relevant, itemized receipts showing proof of purchase. No credit card slips or bank account statements will be accepted Must be for a minimum of $25. Receipts from multiple events can be compiled to meet this amount Must be submitted within 30 days of date on receipt Email reimbursements to students@msfc.org Note: Paypal is the recommended form of reimbursement. If your check does not reach you, you will be responsible for a $33 stop payment fee.

Grants

For chapters outside the US, in countries where sending funds from the US accrues significant fees, we offer Student Activism funding in grants. Chapters must save all receipts from purchases made with grants and submit these on a quarterly basis. Instructions will be provided to grant recipients.

Sources of Funding

Student Activism Fund (SAF)
Each school chapter is eligible to receive $150.00 per semester from the Student Activism Fund for arranging abortion and family planning events. This money does not roll over; groups must use it by the end of each semester! If you are planning an event that might exceed $150.00 in costs, please contact students@msfc.org prior to the event, as additional funding may be available.

Student Trust Accounts
Student Trust Accounts are chapter bank accounts managed by MSFC Headquarters for student convenience. Money that is raised from t-shirt sales, donations, bake sales, letter-writing campaigns, or any other fundraising endeavor can be sent to MSFC HQ and put into a Student Trust Account. Funds from Student Trust Accounts can be used to purchase event supplies, travel to an MSFC-related meeting, or fund other creative projects that further the MSFC mission. Trust Account funds are accessed through a reimbursement process. Unlike the Student Activism Fund, money in your Trust Account can roll over from year to year.

A key advantage of chapter trust accounts is that donations made to this account are tax deductible. This makes it easier to fundraise! Encourage donors to make gifts with a reminder that MSFC HQ will send them an acknowledgment that can be used as a tax deduction.

Download our Semester Budget Template to keep track of your chapter’s funding.

Special Event Funding: MSFC can offer special event funding for events that would require additional resources to be successful.  These may be: large panels, special guest lecturers, collaborations between chapters, etc.  To be considered for this funding please fill out the application and email it to students@msfc.org at least two months before your proposed event date.

Anyone can deposit funds into your trust account, but only Student Leaders can authorize payments or reimbursements.

	Student Activism Fund	Student Trust Accounts
How much?	$150.00 per semester	However much your chapter fundraises; Trust accounts consist of donations, proceeds from fundraisers and any other monies your chapter wishes to deposit.
How to access $?	Reimbursement	Reimbursement
Rolls over?	No, use it or lose it	Yes
What can it be used for?	Abortion and Family Planning events	- Any events that further MSFC's mission - Fundraising supplies - Travel to MSFC meetings - Registration costs of MSFC meetings
Advantages?	Available to every chapter and refreshes every semester	- Donations to this account are tax deductible - Rolls over from year to year - Easy way to keep track of group's funds as leaders transition