Posted by Cochise on July 09, 2008 at 11:28:41:
In Reply to: Re: AI, Appraisal Institute, MAI, TAX FRAUD, TAX AVOIDANCE posted by Cochise on July 09, 2008 at 11:26:07:
Exempt Purposes - Internal Revenue Code Section 501(c)(3)
The exempt purposes set forth in section 501(c)(3) are charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and preventing cruelty to children or animals. The term charitable is used in its generally accepted legal sense and includes relief of the poor, the distressed, or the underprivileged; advancement of religion; advancement of education or science; erecting or maintaining public buildings, monuments, or works; lessening the burdens of government; lessening neighborhood tensions; eliminating prejudice and discrimination; defending human and civil rights secured by law; and combating community deterioration and juvenile delinquency.
The Appraisal Institute is being ably
represented in these ongoing talks by J. Richard Donahue, III, MAI, Walter Carpenter, Jr., MAI, Alan
Hummel, SRA, Oscar E. “Bud” Kunkel, SRA and Matthew Smith, MAI, SRA." (Hampton Roads Chapter of the Appraisal Institute
Residential Associates’ Newsletter, Summer 2007)