This message is from: Cynthia Madden <[EMAIL PROTECTED]> HI all, If the foundation receives federal 501(c)(3) status, it will have to file a form 999 which includes its financial statement, funding support, and officers. This information is public information and can be found in any library that is a depository for federal documents (there is often a federal depository in the main public library of large cities and many university llibraries). All you have to do is ask your reference librarian for the information. There is also a place on line where 999's can be looked at but right now I can't find the site. I am still trying to find it again...haven't used it in a while. Also foundations must spend a large percentage of any income each year on its programs. I am also trying to find that information again. It is common practice for BOD members of an organization to set up a foundation. There have been term limits established I am sure. I serve on such a foundation for a organization on which I serve as a BOD member. It is common practice.
Many organizations put their 999 right on their web site. Foudations must be very transparent to keep their status. Don't worry their will be no secrecy or money spent in ways not established by the by-laws. -- Cynthia Madden Las Cruces, NM [EMAIL PROTECTED] http://www.geocities.com/cmadden88011 2nd annual Christmas Carriage Ornaments available at: http://www.geocities.com/zcdc_nm/2005Ornaments An unconscious people, an indoctrinated people, a people fed only on partisan information and opinion that confirm their own bias, a people made morbidly obese in mind and spirit by the junk food of propaganda, is less inclined to put up a fight, to ask questions and be skeptical. That kind of orthodoxy can kill a democracy or worse. - Bill Moyers, National Conference on Media Reform St. Louis, Missouri May 15, 2005
