Quote:
Originally posted by mholmansr
Yes that is correct, the obligation is put on the type of fund as opposed to having to change your already established 501c , the funds just are seperated as some chapters may have more than one a/c for specific purposes
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I think we are on the same track here, but just to make sure, we aren't talking about a restricted account in a chapter. We are talking about a fund that is set up as its own 501(c)(3) or as a restricted account under a 501(c)(3) like your foundation--right?
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