[Noisebridge-board] AMT donation

Rachel McConnell rachel at xtreme.com
Tue Sep 20 15:32:59 PDT 2011


Hi Mike,

When we did the 501(c)(3) for Noisebridge, it took about 3 months 
overall.  As you may be aware it is retroactive for a year, I believe 
from the approval date.  This may be too late for Dan, I remember that 
donation and it was some time back.

I'm forwarding this request to the Noisebridge board to see what they 
think.  If Noisebridge can't do this for whatever reason, the only 
option I see is for Dan to take the donation on his next year's taxes. 
In that case it would be Dan loaning it to AMT instead of Noisebridge, 
until the tax-deductible status is finalized.

Rachel

On 9/20/11 11:52 AM, Mike Gittelsohn wrote:
> Hi Rachel,
>
> Are you still involved with Noisebridge?
> My friend Dan donated a bunch of stuff, including an Epson 9600 printer,
> to Ace Monster Toys last year. He donated it on the assumption that AMT
> would have its 501C3 status so he could take a tax deduction. Now Dan is
> filing his taxes (due October 15). I remember discussing this with you
> at one point, and you had the idea that the donation could be made to
> Noisebridge, which would then loan the 9600 to AMT until we could get
> the 501C3. Is that still possible?
> Robbie says that the 501C3 application is in the hands of a law firm,
> and that it should be filed within a few weeks, but he does not know how
> long it takes to process by the IRS.
>
> Mike


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