Article Archives >> To the Point

I have a 509(a)(1) organization and would like to use an organization’s 501(c)(3) status (to obtain contributions). Is there a group I can use as an incubator until I get a 501(c)(3) status?

If you have an organization classified under Section 509(a)(1), you already have an organization recognized as a charity under 501(c)(3). You don’t need to use a conduit to raise funds for your program.

Charities are recognized as exempt under Section 501(c)(3) of the Tax Code, but the IRS classifies them as private foundations unless they show that they qualify as public charities under one of the subsections of Section 509(a). (See Ready Reference Page: “Calculating Public Support.”) Therefore, the IRS never gets to classify under Section 509 unless the organization has already qualified as a charity under Section 501(c)(3).

Rev: 1/30/07

Article Archives >> To the Point

Planned Giving Primer

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Planned giving sounds complicated, with its CRUTs and CRATsCLUTs and CLATS, and CGAs.  It can be incredibly complicated, but it needn’t be. Keeping it simple may be the best way to start a planned giving program for a charity that hasn’t already put one in place.

This webinar offered a review of major planned giving instruments and a discussion of ones that make the most sense to emphasize in starting a planned giving program.  It discussed the advantages of integrating planned giving into an existing development program, targeting the best prospects, getting buy-in from the board that is likely to generate results, and setting a structure to make it all happen.


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