RE: Motion to Transfer Restricted Funds to AIS F oundation

[cheryl deaton <region15kids@hotmail.com>]

Good to know.  Wasn't aware dues was included.
Cheryl


> Date: Fri, 18 Nov 2011 10:09:32 -0800
> From: aistreas@earthlink.net
> To: aisdiscuss@aisboard.org
> Subject: RE: [AISdiscuss] Motion to Transfer Restricted Funds to AIS F
oundation
>
> Good question. We do have a donation requirement as such...To maintain our
501(3)(c) status at least 33 1/3% of our income has to come from public
support. This includes dues, storefront sales, registration income etc along
with donations. The past several years our public support % has been 95 - 96%.
>
> This donation of funds to the Foundation will not affect our tax exempt
status.
>
> Jill
>
>
> -----Original Message-----
> >From: cheryl deaton <region15kids@hotmail.com>
> >Sent: Nov 17, 2011 9:52 AM
> >To: aisdiscuss@aisboard.org
> >Subject: RE: [AISdiscuss] Motion to Transfer Restricted Funds to AIS F
oundation
> >
> >Jill,
> >Will this have an effect on the AIS non profit status? Or will the fact
that
> >donations intended for AIS would be "donated" by the Foundation take care
of
> >our donation requirement? Do we HAVE a donation requirement?
> >Cheryl
> >
> >
> >> 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
> >oundation
> >>
> >> 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
> >in donations for this year which will help them meet their public
foundation
> >tax 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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> >
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