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Council approves plan to form South El Monte Community Benefit Foundation
Summary
The council approved a resolution to form a nonprofit community benefit foundation to receive tax‑deductible donations for local projects. The ordinance framework, startup costs and governance structure were discussed; the resolution passed unanimously.
The City Council voted 5‑0 to approve a resolution initiating formation of the South El Monte Community Benefit Foundation, a California nonprofit public‑benefit corporation intended to raise tax‑deductible funds for local programs such as scholarships, parks, recreation and community events.
City Attorney staff outlined the formation process and compliance requirements for federal and…
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