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Board says 501(c)(3) paperwork filed; nonprofit status could allow downtown fundraising
Summary
Board members reported that paperwork for a downtown nonprofit (501(c)(3)) has been submitted to federal authorities and argued the status would allow outside donations for equipment and programs beyond the district’s assessment revenue.
Board members reported that paperwork to form a 501(c)(3) nonprofit to support downtown initiatives has been submitted to the federal government and that the district is awaiting IRS determination.
“All paperwork’s been submitted with the feds. We’re just waiting on the 501(c)(3) approval,” the chair said during the July 29 meeting. Board members said they had not received any requests for…
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