Zoo wrote: RE: The Giving Tree & message to Bruno >>whether they have a 501c or like us come out of pocket for every >>ferret in our care. >LOL--Bruno, there are many misconceptions surrounding 501(C)(3) >status. > >A 501(C)(3) makes a donation tax-deductable for the giver. > >If you have a 501(C)(3) and someone donates $100 to your shelter, >the whole $100 goes to the ferrets, whereas, if you didn`t have the >501(C)(3) you would have to pay income tax on it, and your ferrets >would lose that portion. > >A 501(C)(3) appears to make an organization more "credible" somehow, >when you ask for donations--but it does not guarantee them :) Zoo -- I am sure we all know what a 501(c)3 is, I am glad that quote hit your funny bone. But, I am confused as to why you singled that quote out? Can you enlighten us further as to what the "many misconceptions" are? I didn't read anything in Bruno's post, other than he was being inclusive of ALL Shelters, whether they are the big-named, well-known, official "businesses" with the non-profit status that can do raffles and fundraising for tax-free - down to the personal, word-of-mouth small shelters/hospices that aren't incorporated and all ferret care comes out of the person's paycheck without the benefit(s) larger, well-known shelters have. Like, for example, thanking everyone in a company for a job well done, from the company president down to the file clerk. Dookie Dook, Musky Dusty [Posted in FML 7220]