Can a 501c3 Company Donate Used Goods to Others
Funny y'all should mention this topic, JHB!
As I had stated in another thread, I chosen the IRS non-profit division after trying to decipher pages of revenue enhancement laws and codes. As a 501(c)(3) we are conspicuously in the telescopic of our authority to donate to some other 501c3. The IRS expert mentioned that equally long as we are operating inside our scope-equally a
charitable organization-its perfectly legal to do so.
I merely brought this upwardly because I noticed that it was mentioned in a few posts recently that we could lose tax-exempt status if nosotros donated to another 501c3. I have been in the PTA for 10 years and had never heard of such a thing and wanted to clarify considering nosotros have in the by and probably will in the future donate to other charities.
OKAY JHB, you asked for information technology, below is a re-create of a sample articles of incorporation that came directly from the IRS application for 501c3 tax exempt status(i condensed information technology just a bit)
<blockquote>quote:</font><hr>
Sample Manufactures of Organization
The following are examples of a lease (Draft
A) and a declaration of trust (Typhoon 
that
incorporate the required information as to purposes
and powers of an organization and
disposition of its assets upon dissolution. You
should bear in heed that requirements for
these instruments may vary nether applicable
country constabulary.
Typhoon A
Articles of Incorporation of the under-signed,
a bulk of whom are citizens of the
United States, desiring to form a Not-Profit
Corporation nether the Non-Profit Corporation
Police force of , practice hereby certify:
Get-go: The name of the Corporation shall
exist ________________.
2d: The place in this state where the
primary office of the Corporation is to be located
is the Urban center of _______________
, __________County.
Third: Said corporation is organized exclusively
for charitable, religious, educational,
and scientific purposes, including, for such
purposes, the making of distributions to or-ganizations
that qualify as exempt organizations
nether section 501(c)(three) of the Internal
Acquirement Code, or the corresponding section
of whatsoever future federal revenue enhancement lawmaking.
Fourth: The names and addresses of the......<60 minutes></blockquote>
As you can see, the IRS in their own example, has declared that contributions must be fabricated exclusively to other 501c3'southward.
website for this notation 
Page eighteen Chapter three Department 501(c)(3)Organizations) ftp.fedworld.gov/pub/irs-pdf/p557.pdf
So if there is anything else I left out, I'm sorry. I missed the Sopranos researching this the other night(its ok, repeats anyway). Now if I don't finish the dinner dishes and get the kids ready for bed, I am going to miss Due west Wing, and that would be a tragedy. (its a Rob Lowe thing)
Goodnight!
Suzi
[ 01-16-2002: Bulletin edited by: SFilak ]</p>
Source: https://www.ptotoday.com/boards/11-robts-rules-bylaws-legal/56262-can-one-501-c-3-donate-to-another-non-profit
0 Response to "Can a 501c3 Company Donate Used Goods to Others"
Post a Comment