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Chris Gianelloni wrote: |
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> On Thu, 2006-11-16 at 10:14 +0000, Stuart Herbert wrote: |
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>> Renat Lumpau <rl03@g.o> wrote: |
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>>> Hey gang, |
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>>> |
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>>> I'm scheduling a conference call with our lawyers for the week of |
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>>> November 26th to discuss the next steps. Please let me know if there's |
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>>> anything you want me to add to the agenda beyond what we've already |
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>>> talked about. |
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>> I've got one more thing. I need to know what the rules are governing our |
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>> sources of income. Specifically, where can we accept money from, and |
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where |
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>> can we not? Are there limits on individual donations - either in monetary |
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>> value, or as a total percentage of our income over our accounting period |
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>> (what _is_ our accounting period, btw?). |
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> |
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> There are few rules, since we're a 501(c)6 and not a 501(c)3. An |
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> individual could give us 30 million dollars, and it affects nothing on |
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> our standing. |
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We aren't a 501(c)6 yet so we can't accept donations of that sort yet. |
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Until we are recognized federally it'd be best to avoid doing any |
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large fund raising currently. As well, we really should have a plan of |
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what the funds would be used for, when approaching someone for a |
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donation. A itemized list of where the funds would go and what the |
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funding would be used for if not for immediate use. |
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