Archive for the ‘Boat Donations’ Category
Should I file as a nonprofit JUST to host one fundraising dinner for a friend?
I have a friend/hero who enjoyed hell so much, she’s taking a second trip! cafepress dot com fwd slash helpshellyan
Anyhow, I’m doing the great friend thing and I’ve reserved a nice big boat, with fabulous food and entertainment, we’ve got items autographed from all over the sports world to auction off and we’re setting sail in late October for the night of her LIFE!
I even have a guy at the newspaper to write an article to help us sell these tix. The print vendor is in line and EVERYBODY is donating their efforts!
Then it hit me,.will the feds haunt us in April? Can the already taxed out of pocket donations be subject to additional tax for a dinner auction fundraiser?
I read briefly about Non-Profit Orgs and whatnot but this seems like a ridiculous expectation if I’m doing this as a one night help a friend gesture.
But, I’d never forgive myself if we raised 40k that night and every penny got spent on her meds and the feds came knocking on her door for 10k in April?
Have you heard about this?
From CNN.COM today:
WASHINGTON (AP) — President Bush named Republican fundraiser Sam Fox as U.S. ambassador to Belgium on Wednesday, using a maneuver that allowed him to bypass Congress where Democrats had derailed Fox’s nomination.
Democrats had denounced Fox for his 2004 donation to the Swift Boat Veterans for Truth. The group’s TV ads, which claimed that Sen. John Kerry exaggerated his military record in Vietnam, were viewed as a major factor in the Massachusetts Democrat’s losing the election.
Recognizing Fox did not have the votes to obtain Senate confirmation, Bush withdrew the nomination last month. On Wednesday, with Congress out of town for a spring break, the president used his power to make recess appointments to put Fox in the job without Senate confirmation.
This means Fox can remain ambassador until the end of the next session of Congress, effectively through the end of the Bush presidency.




