Scouts-L Mail Archive for December of 1999: Re: Foundations
Thu, 16 Dec 1999 09:54:00 -0500
Michael Derleth <michael_derleth@ELI.NET>wrote;
>Are there IRS/Tax/additional paperwork filings that we would be subject to
if we were to pursue this?<
Michael, I have looked into setting up a 'foundation'.
(I didn't yet because of 'politics' in the troop)
you need to have a separate charter, and monies need to be spent exactly the
way the charter is setup. there is more paper work.
I would recommend to call the IRS and get there info packet and see if there
is other organizations in your area that can walk you through the process or
see if a lawyer can assist you.
You definitely want to know all the details before you set one up.
I am not a Lawyer, I don't even play one on TV.