[Alumni-chat] 501(c)3

[Barrie Grenell]

They have applied for nonprofit status. It takes a long time, but the IRS
gives provisional status and so any donations given during the time after
the filing can be assumed to be tax deductible if from reading the articles
of incorporation and bylaws you, or your attorney, decide that it's a
minimal risk. Basically, is the entity established for charitable or
educational purposes?

I helped start a nonprofit and got a contract with the city of San Francisco
while we were waiting for the IRS provisional ruling, which eventually came.
My experience was in 1977, so things may be different now, but I would put
my money on it still operating in the same way. Otherwise people would be
running nonprofits for years without having donors or contracts, which they
don't.

Barrie Dallas Grenell '65

_________________
Barrie Grenell
(415) 826-5391 home
(415) 652-1038 cell
sercle at sbcglobal.net

-----Original Message-----
From: Robin Heise [mailto:celticbear3 at yahoo.com] 
Sent: Tuesday, September 11, 2007 7:25 AM
To: Alumni Chat List
Subject: Re: [Alumni-chat] 501(c)3


> 1)  Has a 501(c)3 been established for Antioch
> College Alumni and its 
> College Revival Fund?


I'd really like to know the answer to this question. 
My husband would like to sign up to give and his
company will match if it has 501(c)3 status.

Thanks.
Robin


       
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