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Adrian DDA board approves Adrian DDA Fund at Lenawee Community Foundation to accept tax-deductible donations
Summary
At its April 8 meeting the Downtown Adrian Main Street DDA approved creating the Adrian DDA Fund at the Lenawee Community Foundation to allow tax-deductible donations, pursue corporate partners and streamline gift administration; initial administrative cost is $20 per month, covered for the first year by a donor.
The Downtown Adrian Main Street DDA voted on April 8 to establish an "Adrian DDA Fund" at the Lenawee Community Foundation to enable charitable fundraising and accept tax-deductible contributions.
Catherine Denu, interim DDA director, told the board the Adrian DDA currently lacks 501(c)(3) status and that creating a non‑endowed community project fund within Lenawee Community Foundation would allow the DDA to accept donations from corporations, foundations and individuals and provide IRS‑compliant documentation for donors. "Establishing a community project fund with the Lenawee Community Foundation will provide a solution by allowing donations to be made through a recognized charitable entity," Denu said.
Denu described the…
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