How can you use crowdfunded dollars to support research at Illinois?
|How can you use crowdfunded dollars to support research at Illinois?|
You can raise money for a personal research project, and then “gift” those funds to the University for use in your research, in accordance with University policy. Note: people who donate to support your cause do not get a tax deduction from the University, because they are not giving a gift to the University—they are giving to you! Any funds that you raise likely would be considered income to you. This may have tax implications for you, and it is your responsibility to understand how crowdfunding would affect your individual tax situation.