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<blockquote data-quote="Ovinomancer" data-source="post: 8012689" data-attributes="member: 16814">BLM GN Foundation hasn't received IRS approval as a 501(c)3 nonprofit charity, but you don't need that to act as a 501(c)3 charity.&nbsp; IRS approval is one of those 'safety' things were you get vetted prior to filing tax statements.&nbsp; BLM GN Foundation will (and does) file tax statements yearly as a 501(c)3, which anyone can do without approval.&nbsp; The catch is that if you aren't acting properly, the full weight of the IRS falls on you.US charity tax law is structured so that you don't have to wait for approval, but it's much safer if you do.&nbsp; Some charities never bother.&nbsp; Some don't start until they get approval.&nbsp; Some start and apply at the same time.&nbsp; I don't know which method BLM GN has chosen, but they have a very competent mentor organization assisting with the books, so they're unlikely to cross the line and get in trouble.&nbsp; In the meantime, it's a valid charity, folks.</blockquote>

[QUOTE="Ovinomancer, post: 8012689, member: 16814"] BLM GN Foundation hasn't received IRS approval as a 501(c)3 nonprofit charity, but you don't need that to act as a 501(c)3 charity. IRS approval is one of those 'safety' things were you get vetted prior to filing tax statements. BLM GN Foundation will (and does) file tax statements yearly as a 501(c)3, which anyone can do without approval. The catch is that if you aren't acting properly, the full weight of the IRS falls on you. US charity tax law is structured so that you don't have to wait for approval, but it's much safer if you do. Some charities never bother. Some don't start until they get approval. Some start and apply at the same time. I don't know which method BLM GN has chosen, but they have a very competent mentor organization assisting with the books, so they're unlikely to cross the line and get in trouble. In the meantime, it's a valid charity, folks. [/QUOTE]

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