6.I.(3) Agreement Facade Matching Grant Program, Miami Street

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:z a~•~ Enterpx°ise Association of South Bend, Ir°~c. :uonors may deduct contributions to you as provided in section i.'?C;+csf the Code. Bequests, legacies, devises, transfers, or gifts =~ ;jou or far your use are deductible for federal estate and gift. -;: purposes if they meet the applicable provisions of sectians ';~c5 ?..1066 and 2522 of the Code. Donors (including private foundations) may rely on this ruling ~!._~~ss the Internal Revenue Service publishes notice to the <..c~:n.ti:ary.. However, if you lose your 509 (a) status as shown above, ~J.onors (other than private foundations) may not rely on the classification shown above if they were in part responsible for, ~r were awax°e of, the act that resulted in your loss of such status, or they acquired knowledge that the Internal Revenue r~e:c~~ice had given notice that you would be removed from that ~~lassification. Private foundations may rely on the classification ~s long as you were not directly or indirectly controlled by them oc by disqualified persons with respect to them. However, private =:o>>ndations may not rely on the classification shown above if they eccguired knowledge that the Internal Revenue Service had given ;:poi.ice that you would be removed from that classifications I.E your organization conducts fund-•raising events such as Benefit dinners, auctions, membership drives, etc., where something c~~`_ ~~alue is received in return for contributions, you can help your c!onors avoid difficulties with their income tax returns by assisting them in determining the proper tax treatment of their c:ora ributions. To do this you should, in advance of the event, cte'~ermine the fair market value of the benefit received and state :_t: i_n you r_ fund-raising materials such as solicitations, tickets, and receipts in such a way that your donors can determine how much i_s deductible and how much is not. To assist you in this, the Service has issued Publication 1391, Deductibility of Payments Made ~o Organizations Conducting Fund-Raising Events. You may obtain copies of Publication 1391 from your key district office. In the heading of this letter we have indicated whether you sinzs~c. file Form 990, Return of Organization Exempt from Income Tax. :~f Yes is indicated, you are required to file Form 990 only if your gross receipts each year are normally more than $25,000. If your cross receipts each year are not normally more than $25,000, we ask than you establish that you are not required to file Form 990 by completing Part I of that Form for your first year> Thereafter, t~ou J,rill not be required to file a return until your gross receipts ~~;~ceed the $25,000 minimum. For guidance in determining if your ;Toss receipts are "normally" not more than the $25,000 limit, see ;she instructions for the Form 990. If a return is required,• it r~iu.st be filed by the 15th day of the fifth month after the end of. t~ou~ annual accounting period. A penalty of $10 a day is charged L1ie.il a return is filed late, unless there is reasonable cause for