I recently spent some time in the Hideaway Lounge in Normal, Mn. during the "magical hour" right before the band starts--and decided to put the hour to good purpose and discuss a question that I have been chewing on for some time. Many newspapers, and yes even bloggers, have been thinking that maybe the 501(3)c is the proper organizational form to take to succeed---that way folks can contribute just as they do to public radio for their news--and the news organization can seek "donations" that would I suppose be .....tax deductible---and anyway...what could be the difference between not making any profit and being a charitable institution.
I wasted no time. I blurted it out. Requested in no uncertain terms Herman's advice on the matter. After all. I always wanted to be a charitable institution.
After the question...the long pause. "Shucks Wolfman( that's what he always called me) there is no reason you could not be a 501(3)c organization....up here in Normal, Mn. everyone is a 501(3)c...even the bars....It all began years ago during a festival of sorts by a charitable organization...and it occured to folks drinking at their beer tent...and it by the way was nothing but the finest of German beer...no cheap stuff...that their drinking was in fact a charitable gift---so the guys all asked for receipts for their purchases. Soon---all the bars in town became 501(3)c. After all...from a larger perspective....there is just a slim difference between doing good....and feeling good......really."
WOW. What a bombshell. Just that short discussion changed my perspective entirely----these weren't just a bunch of drunken fishermen...they were charitable donors. All of a sudden a huge wave of appreciation swept over me. I needed to get a 501(3)c. And soon.
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