LOWE’S CHARITABLE AND EDUCATIONAL FOUNDATION

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LOWE’S CHARITABLE AND EDUCATIONAL FOUNDATION

Postby DL1030 » Mon Nov 30, 2009 9:30 am

I mentioned this to Ken over the weekend and would like to bump the idea on the boards to see if someone would like to run with this. I am also not sure of the non-profit status of Beverly and dont want to step on toes if someone is already trying this. This could be the way to get a parking lot/facilities.

Couple requirements:
The Foundation provides funding only to 501(c) (3) tax-exempt nonprofit organizations and public agencies in communities where Lowe’s operates stores and distribution centers

there is one in Coralville, not sure on CR based Lowes stores.

Have you had your 501(c) 3 or non-profit designation for more than 2 years?

Have you met with your local store manager about your project?

Has your organization ever filed for bankrupcy?



Who Lowe's is helping
COMMUNITY IMPROVEMENT
Lowe's Charitable and Educational Foundation supports community improvement projects that fall within the following focus areas...

* Park and neighborhood beautification and enhancements (flowers, trees, fresh paint, etc.)
* Building repair/renovation and landscaping enhancements of facilities serving the community
* Community garden, park, or playground projects
* Community clean-up initiatives
* Outdoor learning environments such as educational gardening programs

All projects must benefit the community at large.


http://www.lowes.com/lowes/lkn?action=p ... /Community
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Re: LOWE’S CHARITABLE AND EDUCATIONAL FOUNDATION

Postby NoyzSource » Mon Nov 30, 2009 10:08 am

We currently are 501c7 (recreational) not c3 (charitable), but Kevin Caster is working on filling out the paperwork to get c3 status. It is long, drawn out, boring work so any encouragement you could send him would be appreciated. Rockwell also has the c3 stipulation.
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Re: LOWE’S CHARITABLE AND EDUCATIONAL FOUNDATION

Postby Farmboy » Mon Nov 30, 2009 11:35 am

I don't know if Kevin Caster gets on this forum often or ever. I'll email him this.
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Re: LOWE’S CHARITABLE AND EDUCATIONAL FOUNDATION

Postby DL1030 » Mon Nov 30, 2009 2:59 pm

Nice work then Kevin, good to hear someone is already moving in that direction!
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Re: LOWE’S CHARITABLE AND EDUCATIONAL FOUNDATION

Postby NoyzSource » Mon Nov 30, 2009 3:12 pm

This is one of the reasons we are going for c3 status.

Grants - There are more grants available to 501c3 orgs that deal with the kinds of outdoor activities we do.
Tax Exempt donations - We think businesses might be more likely to donate money for our use if it is tax exempt. We also need to have a good reason to use the money but it is a consideration of a lot of businesses when donating. Membership fees are not tax exempt, if I recall correctly.

Most people have only heard of c3 status even though there are 8 or 9 sub parts to the 501c classification.

It is not guaranteed to get c3 and it does cost some money and takes a lot of time to fill out the paperwork. I think the benefits will help the group in the long run.
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Re: LOWE’S CHARITABLE AND EDUCATIONAL FOUNDATION

Postby Ken » Wed Jan 20, 2010 12:48 pm

Perhaps this will help...
________________________________

From: Hansi Johnson [mailto:hansi.john...@imba.com]
Sent: Thursday, January 14, 2010 4:00 PM
To: Ryan Hanser
Subject: Re: chapter/regional structure for charitable donations

Hey Ryan,
The Chapter program went live with the Beta chapters this week.
So it looks like we are on target to offer it to the full spectrum of
clubs by the World Summit as we had planned. So if the club can hold
off until May, they could join the chapter program, cover the 501C3 and
also gain a whole new set of tools in which to play with.
I would do the Chapter program if you can handle the time
line.....

Hansi Johnson
Midwest Regional Director
International Mountain Bicycling association
(218) 310-0264
www.imba.com

On Jan 14, 2010, at 2:32 PM, Ryan Hanser wrote:

We're still debating a 501c3 for CITA...

Got an update on the Chapter program or any other advice
on whether we should help broader efforts come along for 'umbrella'
deductibility?

R
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