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In 1988, voters in the Denver region created the SCFD to provide a consistent source of unrestricted funding to scientific and cultural organizations. The SCFD is funded by a 0.1% sales and use tax that provided funding to 240 organizations in 2015.
A tax-exempt organization is a business entity that does not have to pay federal income taxes. Nonprofits, which reinvest earnings to support their mission, are eligible to receive tax-exempt status.
These regulations are used not only to determine if the organization is exempt from tax under the organization's activities as a non-profit organization. If the organization purpose is one of those described in § 501(c)(3) of the Internal Revenue Code , [ 3 ] it may apply for a ruling that donations to it are tax deductible to the persons or ...
Spencer Penrose incorporated El Pomar Foundation in 1937 with a donation of 15,000 shares of stock in El Pomar Investment Company and a check for $129,500. [2] In its first year, the Foundation made 5 grants, totaling $81,737, to: Junior League of Colorado Springs Nutrition Camp, Fountain Valley School of Colorado, Penrose Colorado Community School, Glockner Hospital, and the Boys & Girls Club ...
The organization gives out at least $30,000 every month, plus two $25,000 year-end grants. The grants are awards for marketing, business operations, and a number of other purposes. Application process
The Daniels Fund is a private charitable foundation based in Denver, Colorado.It was founded by Bill Daniels, a decorated fighter pilot [1] in World War II and the Korean War, who went on to become one of the early pioneers of the cable television industry.
An organization must meet certain requirements set forth in the code. Some organizations must also file a request with the Internal Revenue Service to gain status as a tax-exempt non-profit charitable organization under section 501(c)(3) of the tax code. A non-exhaustive list of organizations that may meet the Federal requirements are as follows:
But the PIF in turn gets hit by Colorado’s 2.9% sales tax, which gets mighty confusing unless you’re standing in line next to an accountant. To coin a phrase, Teska sounds PIF’d off.