Quote:
Originally Posted by Kevin
Tom, this ain't legal advice, (if you want to know how to do this for sure, or whether it's feasible in Kansas, contact a lawyah in your area). /end disclaimer
You might want to look into setting up a few entities separate from your alumni association if you're wanting to earmark alum dues to those things. You might even designate x% of your alum dues to go for "educational purposes" meaning that the check gets paid to a chapter educational foundation which you could establish locally as a 501(c)3, getting your alums a little money back on the taxes.
There can be a lot of paperwork associated with these things, but generally, it's all worth it.
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Yepper, Kevin, We have been looking into the legal asspects for this and have gotten info from Members of other GLOs.
While there may seem to be loop wholes I just wonder what they may be to keep us from doing what We would like to do in the eyes of the IRS?
Do We desearve better, Yes, We do!
