Re: Motion to Transfer Restricted Funds to AIS F oundation

[bobplankmail@aol.com]

Cheryl,

You asked:


 Do we HAVE a donation requirement?

None that I know of, but just in case I made inquiry to the IRS exempt
department, and have been promised (via voicemail) an answer within five
working days.

I do not expect that our non profit status will be affected, whether we
solicit or get public donations, or not. However, we
still need to maintain such status to avoid income taxes, qualify for special
mailing privileges, provide our directors and committee members deductibility
for out of pocket expenses to attend meetings, etc., so it's a good question,
once raised, to be resolved.

Where in the Code did you find a "donation requirement" for any class of 501
(c) (3) organizations?


Bob



-----Original Message-----
From: cheryl deaton <region15kids@hotmail.com>
To: aisdiscuss <aisdiscuss@aisboard.org>
Sent: Thu, Nov 17, 2011 9:52 am
Subject: RE: [AISdiscuss] Motion to Transfer Restricted Funds to AIS F
oundation


Jill,
ill this have an effect on the AIS non profit status? Or will the fact that
onations intended for AIS would be "donated" by the Foundation take care of
ur donation requirement?  Do we HAVE a donation requirement?
heryl

 Date: Wed, 16 Nov 2011 17:30:57 -0700
 From: geraldcsnyder@gmail.com
 To: aisdiscuss@aisboard.org
 Subject: Re: [AISdiscuss] Motion to Transfer Restricted Funds to AIS F
undation

 On 11/16/2011 12:07 PM, Jill Bonino wrote:
 > Gerry,
 >
 > This motion will have the effect of giving the AIS Foundation $10,000 more
n donations for this year which will help them meet their public foundation
ax status.
 >

 That is what I had hoped. Just had a concern that a donation from
 another 501 (c) (3) might not count, or the donation might be too large
 to count, or something like that.

 Sounds like the thing to do for sure, then.


 Gerry

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