FERRET-SEARCH@LISTSERV.FERRETMAILINGLIST.ORG
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Thu, 7 Apr 2005 12:42:06 -0500 |
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>the savings would be great with everything you would be able to deduct
>under the non-profit status, including a portion of your mortgage
>payment, phone bill, internet service, and, of course, all the expense
>for the rescues!
OH, how I wish this were true! Our ferret sanctuary got its 501(c)(3) in
April of 2002. A 501(c)(3) only makes you tax-exempt, meaning you don`t
have to pay income tax on donations made to your organization.(All of the
money goes for the care & support of the ferrets!)
Donations made to a 501(c)(3) organization are tax-deductable.
Love, Zoo
[Posted in FML issue 4841]
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