[Alumni-chat] 501 c3 status and sponsorship information

[Miller, Basia]

Hi, Duffy, thanks, and many thanks too to all the others who did such a thorough job of keeping us on the Internet up to date over the hectic days of Reunion.

I realize we're in circumstances and a time frame that mean moving forward on several fronts at once--renewal plan, website, fund-raising. But where do we stand right now?
 
Someone (sorry, can't find it) suggested that we want to be in a position to take our 40 million and stipulate to the BoT what we want the college to look like. That outcome seems fairly unlikely, since the BoT may well see it first of all as a kind of blackmail.  Is the fund dedicated to reviving the Antioch College that was working up a Learning Communities model, or the one that was displaced by that model? Having read the AIF final summary statement (thanks, Ilse), we'll be lucky to have the BoT even hold a conversation with the alums. Who is working on a realistic purpose for the  fund-raising? (Maybe it could best be used to supplement the severance packages?)  At the very least, unless or until we have a specific goal, contributors need to sign something recognizing that their contributions may be used to support any of various aims and will be kept informed along the way.

Similarly, setting up the 501(c)3 will take time; some donors won't want to give without it, maybe others will be precluded from donating unless we have it. It's a great idea to make a small donation now to show intent and raise the percentage donating. Even though this two-stage plan doesn't play along with the emotional drive to join the shivaree, seems like there are reasons to hold onto the big money until there's a clear statement of purpose, a sense of the possibilities, and a clear channel through which to donate. Not too long--give a month or two to sorting out the means and aims, then pitch in to tap all the sources and supporters we know. Does this sound reasonable?

Basia Miller '59 (Alumni Board 01-03)





 
-----Original Message-----
From: Sonia Jaffe Robbins [mailto:sjr5 at nyu.edu]
Sent: Tue 6/26/2007 3:15 PM
To: Alumni Chat List
Subject: Re: RE: [Alumni-chat] 501 c3 status and sponsorship information
 
i think some big donors, like foundations, can only give to 501(c)3 organizations. 

Sonia Jaffe Robbins
adjunct professor of journalism
sjr5 at nyu.edu
srobbins at reedbusiness.com
http://www.nyu.edu/classes/copyXediting
http://www.neww.org
http://www.nwu.org
*******************
"Writing is thinking, not thinking written down."

----- Original Message -----
From: Lisa Whipple <lisa at coffeeczar.com>
Date: Tuesday, June 26, 2007 2:18 pm
Subject: RE: [Alumni-chat] 501 c3 status and sponsorship information
To: 'Alumni Chat List' <alumni-chat at w3.antioch.edu>


> Tax-exempt status isn't essential to me, either, though it would be nice.
>  What *does* make a difference to me is the ability to get matching funds
>  through my spouse's employer. I could very well be wrong, but I 
> believe that
>  in order to qualify as a charitable donation, and therefore be 
> matched by
>  the employer, the funds need to go to an organization with 501 c3 status.
>  I'm giving money either way, but I'd just as soon be able to double the
>  gift.
>  
>  Lisa '89
>  
>  -----Original Message-----
>  From: alumni-chat-bounces at w3.antioch.edu
>  [mailto:alumni-chat-bounces at w3.antioch.edu] On Behalf Of Lauren Page
>  Sent: Monday, June 25, 2007 7:06 PM
>  To: 'Alumni Chat List'
>  Subject: RE: [Alumni-chat] 501 c3 status and sponsorship information
>  
>  Ilse,
>  
>  While this would matter to me, tax-exempt status wouldn't be 
> essential, nor
>  would it limit my giving.  It would be a nice extra, but I can give without
>  it.  Unfortunately, I can't give much, at least this year--am trying 
> to
>  restructure my commitments to be able to do more come the Fall.
>  
>  Lauren E. H. P. McGillicuddy, '77  (Gah, typing all my accrued names 
> makes
>  my tunnels carp!)
>  
>  -----Original Message-----
>  From: alumni-chat-bounces at w3.antioch.edu
>  [mailto:alumni-chat-bounces at w3.antioch.edu] On Behalf Of ilse moon
>  Sent: Monday, June 25, 2007 3:21 PM
>  To: Alumni Chat List
>  Subject: Re: [Alumni-chat] 501 c3 status and sponsorship information 
> 
>  
>  How many donors want, need, expect this donation to be tax deductible 
> and 
>  wouldn't donate otherwise? Personally my income is such that I 
> usually only 
>  take the standard deduction.
>  Ilse Moon '53
>  
>  
>  
>  
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