Members of my chapter have approached me on setting up a fund to help guys without the necessary financial wherewithal, become full chapter members...help...
I would set this up in a 360 a,b,or c account separate from the regular 360 account and with BOD approval, expend it out of the corresponding 460 account....
jnutry@...
Jan 8, 2006 1:32 am
352
I agree with Joe in principle, but I think such use of 360 money should be limited to special gifts and honorariums, and not wholesale dues underwriting. Also...
Several years ago we also had a special fund set up for members who at one time or another were strapped for funds to pay for activities. This fund did not go...
I continue to be impressed by the quality of the advice given in this group. Well done all! Johnny W. Jackson (LTC USAR Ret) Chattanooga Choo Choo Chorus...
Has anybody had any experience with establishing foundations, trust, etc.? I need to talk to somebody who's done it. On or Off List, either way. --Brooks...
We use an "angel" fund that is entirely separate from our chapter funds. One of our more affluent members donated the seed money and other members have...
William J Bowring
wmbowring@...
Jan 10, 2006 10:51 pm
357
We have received a large sum of money as a result of one of our members' wives passing away. I do not want to open another bank account just for this but am...
Hi everyone, Someone has expressed serious doubts about the following statement appearing on a barbershop chapter's website: "Fees paid for Singing Valentines...
It seems to me that they are paying a charge for services, not making a gift. Unless the music is "worthless", (a virtual impossibility from a BHS Chapter),...
I agree, they are getting a service not making a donation. I don't feel that the fee paid for singing valentines is tax deductible. Ken Gingrich Lansdale, PA...
Kenneth Gingrich
ken.gingrich@...
Feb 4, 2006 3:25 am
361
I keep track of sub-funds here with the same kind of money. It's easy in quicken to setup sub-accounts to keep the money separate, but still part of the 100 or...
Our chapter recently applied for Illinois state sales tax exemption. Other than the requisite documents, (501.c.3, letter of exempt number, and a copy of an...
Holly, The services provided include anything your 501(c)(3) organization does for anyone not a member of the 501(c)(3) organization. I presume you do ...
I would be interested in finding out how other *Canadian* chapters are handling the funds received for Harmonize for Speech. Do they go thru chapter books or...
Taken out of context it is hard to determine, but if this is the only reference then I have a problem. There has always been a debate about whether valentines...
Newton, Richard B.
RICHARD.B.NEWTON@...
Mar 4, 2006 8:19 pm
367
Chas, A Valentine is a paid performance done in the name of the chapter. It is no different than purchasing a ticket to a chapter show. It is not a tax ...
Correct ... From: Kenneth Gingrich [mailto:ken.gingrich@...] Sent: Friday, February 03, 2006 9:26 PM To: Don and Betty Heaton Cc:...
Santarelli, Frank
FSantarelli@...
Mar 4, 2006 8:19 pm
369
Jim- You have the right answer. Frank _____ From: Jimspeb@... [mailto:Jimspeb@...] Sent: Friday, February 03, 2006 7:23 PM To: justdoit110@...;...
Santarelli, Frank
FSantarelli@...
Mar 4, 2006 8:22 pm
370
Bill, When I was Ontario District VP Finance, I always recommended receiving these funds into the chapter, and then making the donation to H4S from the chapter...
Hi everyone, I just approved a batch of messages from early February - don't know why they came through this late - and some of them looked familiar. Probably...
For the purpose of our chapter by-laws, is the legal name of our society S.P.E.B.S.Q.S.A. Inc. or the Barbershop Harmony Society? Bill Ryder Treasurer Sarnia...
On Sun, 5 Mar 2006, "Bill Ryder" <bryder@...> writes: For the purpose of our chapter by-laws, is the legal name of our society S.P.E.B.S.Q.S.A. Inc. or...
Hi everyone, Throughout my 30-year barbershop career, I have often heard and read the statement that donations received by a chapter "should" be forwarded to...
Hi Charles, ... This is also our practice - with the addition of a Board of Directors specified annual donation to Harmony Foundation (or possibly another ...
Bill The legal name of your chapter is what it always has been unless you changed it with your governing body. The Society didn't change its name but added a...
Our chapter has received donations for various sources and like Charles, unless they are specified for Harmony Foundation, I use the money for operating...
Unless the donor designates that the donation should go to the Harmony Foundation, the money remains in the chapter, Ken Gingrich Lansdale, PA...
Ken Gingrich
ken.gingrich@...
Mar 7, 2006 2:14 pm
379
Larry is correct. We are a "charity," if you will. That's what a 501 (C) 3 organization is. It is established for a purpose that is recognized by the IRS as...
