Originally Posted by
usa18dca
Excellent Idea and I'll be more than happy to contribute my part to this, can I ask if your "official non-profit organization" has attained the IRS 501(C)3 Status yet?
Excellent question. No, we're still pending that status. J.Edward (our illustrious accountant) and our lawyer has been working furiously with the IRS to make sure we get this squared away before the end of the year. On the off chance that our ever efficient government can't get this resolved, our directors will pay the requisite taxes owed from our own pockets without touching a cent of the donated amount (and hopefully claim that amount back from the IRS once everything is resolved). 100% of the proceeds after Paypal fees will go to CO WeCare. We apologize for this, as we had a late start on getting this organization rolling. Last year we ran into quite a few problems with Google Checkout and PayPal, as we didn't have an organization set up, and that's the reason we've invested in this entity. Keep in mind that Frequent Flyer Giving is just a pass-through organization. The CO WeCare Fund is a 501(c)3 non-profit entity, and so we expect no issues from the IRS.