So, I have a bit of situation going on right now: I'm an international student that is studying in the U.S. I have the F1 visa. My family back home is going through a financial situation, and we are having problems in paying for my tuition fees. I spoke about my situation to a professor and he asked me to set up a GoFundMe profile so he would share the page with his colleagues and try to help me. I checked the GoFundMe page and they wrote that the money that people receive there is considered gifts, and as far as I know, gifts are not taxable, since it's not a source of income. This would be a one time donation, so I was wondering if that would somehow make me lose my status. My professor truly wants to help me, and it's obvious not an income, since all this money would go towards my tuition. My family already sends me money through western union, which I know it's also considered a gift, and I thought that the money received from the GoFundMe donations would also be in a similar case.
Could anyone help me with that?
I'm uncomfortable with how this might be structured.
Does the GoFundMe money go directly to the school, which might be OK ... or into your personal bank account?
I suggest talking to your professor about having HIM set up the GoFundMe ans make restricted such that the money only goes to the school for tuition.
NOTE: Gifts from family are viewed differently than gifts from strangers.
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