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Reply #5: 501(c)(3) - they can be sued for any disbursement outside their charter [View All]

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Coastie for Truth Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-28-05 10:10 PM
Response to Reply #1
5. 501(c)(3) - they can be sued for any disbursement outside their charter

§ 501. Exemption from tax on corporations, certain trusts, etc.
    (a) Exemption from taxation
    An organization described in subsection (c) or (d) or section 401 (a) shall be exempt from taxation under this subtitle unless such exemption is denied under section 502 or 503.

    (c) List of exempt organizations

      The following organizations are referred to in subsection (a):

      (3) Corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or to foster national or international amateur sports competition (but only if no part of its activities involve the provision of athletic facilities or equipment), or for the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private shareholder or individual, no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation (except as otherwise provided in subsection (h)), and which does not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition to) any candidate for public office.


And they are very strictly governed by their Congressional Charter.

I can assure you - after blowing the whistle on Gitmo, Abu Ghraib, and to some extent on FEMA, there are a lot of Repuke Congress perps who would like to nail Red Cross, lift their 501(c)(3) status, and give the money to the Repuke Congress perps' favorite faith based charities. Which means "Saving Our Selves" will be lucky to suck the hind tit and end up with a "FEMA City" (Punta Gorda, FLA) position.
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