Re: [ga] FUNDING

[Dave Crocker <dhc2@dcrocker.net>]

Sigh.  Another red herring.

The IRS does not require any minimimum contribution or donation level for a 
501(c)(3) tax-exempt status.

The criteria related to tax-exempt status are varied and somewhat complex, 
but donations, per se, are not particularly relevant.

This assessment is based on:

         a) 8 years running a 501(c)(3) that charges fees; though it gets 
donations, the percentage has never been an issue; and

         b) A quick review of Nolo Press' The California Nonprofit 
Corporation Handbook, by Anthony Mancuso.

d/

At 01:11 PM 4/21/2001, Michael Froomkin - U.Miami School of Law wrote:
>It may raise tax issues, but it doesn't raise "APA" (Administrative
>Procedure Act) issues.  Try "IRS" - "Internal Revenue Service" ...
>
>On Sat, 21 Apr 2001, Eric Dierker wrote:
>
> > I cannot find an alteration of this statement by Mr. Roberts.  If this
> > is accurate we are not near the 51% donation funding required by our IRS
> > status.  This raises serious APA issues.

----------
Dave Crocker   <mailto:dcrocker@brandenburg.com>
Brandenburg InternetWorking   <http://www.brandenburg.com>
tel: +1.408.246.8253;   fax: +1.408.273.6464

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