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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Kevin agree with you as we have already done that.
The last House before the IRS closed the so called loop hole was the LX house at the Un. Ks.
Yes, am aware of the Education requirements, but for the money to go for that is very little in housing space. That is Federal but maybe if the Democrates can try and do the right thing it can get changed. We can just hope!
