Creative Commons license icon

Reply to comment

A dissolving 501(c)(3) has to distribute surplus assets to a 501(c)(3) or to government for public purposes; but as K'gra says the purpose of FurFright is to raise money for charity, I could see them donating funds to the War Dogs.

I feel 501(c)(3) is a dubious choice for furry conventions. Such an organization must be run exclusively for exempt purposes - and many members are there just to have a good time. I would go with a 501(c)(7) social club, which is what Anthrocon and Furry Fiesta/DRAMA use (MFF, AAE/FC and FWA are 501(c)(3); Rainfurrest wants to be).

[501(c)(7)s are still non-profits and not taxed on most revenue; the key difference is donations are not tax-deductible for donors. But most members benefit little even if they itemize their deductions - rare for the furry demographic - since the value of services rendered is not deductible. e.g. if you sponsor at FC, you get to deduct $50, not $100. The risk of losing status is not worth it IMO. Plus, such conventions can end up focusing on raising money for charity, which is nice, but arguably a distraction from furry matters.]

Reply

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <img> <b> <i> <s> <blockquote> <ul> <ol> <li> <table> <tr> <td> <th> <sub> <sup> <object> <embed> <h1> <h2> <h3> <h4> <h5> <h6> <dl> <dt> <dd> <param> <center> <strong> <q> <cite> <code> <em>
  • Lines and paragraphs break automatically.

More information about formatting options

CAPTCHA
This test is to prevent automated spam submissions.
Leave empty.