Andwin de'Gothia1
Resident Citizen
It was a great read. Hope there will be more information about the Towers history.
May's History Lesson - Our Incorporation
- Thread starter Dralyn Montsier
- Start date
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- #42
They're planing to do one a month, Andwin.
Thanks for doing this! It's very much appreciated.
Thanks for doing this! It's very much appreciated.
Kassidy Rose ni DaiShan t' al'Kalin
Aes Sedai
Thank you for putting up May's History Lesson , I learned a lot.
Will be looking for the next History lesson .
Will be looking for the next History lesson .
Mirandha Laflor
Aes Sedai
I'm sorry I'm so late to reading this, but I do have a question.
What is the difference between a 501 (c)(3) and a 501 (c)(7) and why did you opt for the latter?
My husband and I both work for 501(c)(3)s as we both work in Libraries. We also want to form our own Library and have most of the work done short of filing for 501(c)(3) status (it's expensive :x ) and figuring out how we will sustain ourselves every year if we don't get enough grant money
What is the difference between a 501 (c)(3) and a 501 (c)(7) and why did you opt for the latter?
My husband and I both work for 501(c)(3)s as we both work in Libraries. We also want to form our own Library and have most of the work done short of filing for 501(c)(3) status (it's expensive :x ) and figuring out how we will sustain ourselves every year if we don't get enough grant money
Ubahsur Kindellaer
Aes Sedai
A 501(c)(3) is a 100% charity, where as a 501(c)(7) is a social organization.
We went for the latter because a) as a 501(c)(7) we could provide charitable funds to organizations that were not also 501(c)(3) and most importantly, b) our members were not changed to donars. We did not want to change our entire set up to make members ONLY important because of their donations. Instead as a social organization we can retain the social aspect which is integral to who we are (parties, free days, etc) and if donations are given it's just a cherry on top.
We went for the latter because a) as a 501(c)(7) we could provide charitable funds to organizations that were not also 501(c)(3) and most importantly, b) our members were not changed to donars. We did not want to change our entire set up to make members ONLY important because of their donations. Instead as a social organization we can retain the social aspect which is integral to who we are (parties, free days, etc) and if donations are given it's just a cherry on top.
Mirandha Laflor
Aes Sedai
Thanks for explaining, Ubah Sedai 
Ne'Mireth Delvar
Aes Sedai
this was very well written, Amanda. Thanks for the info