[oi-dev] is there a vector for donating to OI?

magnus at yonderway.com magnus at yonderway.com
Thu Sep 6 20:32:41 UTC 2012



On Thu, 06 Sep 2012 14:15:48 -0600, Ken Gunderson <kgunders at teamcool.net>
wrote:

> Doesn't need to be a "C" corp.  Keep it simple.  Maybe an LLC or "S"
> corp?  

Not if you want to accept tax-deductible donations.

The cliff's notes: http://en.wikipedia.org/wiki/501(c)

A 501(c)(3) may or may not be the right way to go. It's the kind of
corporation that is attractive for people and corporations (and other
Foundations, potentially) to make tax-deductible donations to. But there
are responsibilities involved with keeping it going.

-M




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