AAQI Gets 501(c)3 Status from IRS

July 8, 2008 at 3:44 pm 5 comments

The IRS has granted the Alzheiemer’s Art Quilt Initiative tax exempt status under section 501(c)3 of the Internal Revenue Code. Contributions are now tax deductible as we are officially classified as a charity! I am jumping for joy. It was a slam dunk. No questions or clarifications were required. Now we can take the AAQI to the next level and offer our supporters tax deductions for donations.

We can also apply for grants to help pay for our programs. We don’t spend much, but every little bit we don’t have to spend can go to research. AND, we can try and get corporations in the quilting community to point some of their philanthropy in our direction towards a cure for Alzheimer’s. 

The AAQI would never have grown as much as it did had quilters not embraced this project and threaded their needles to help. To everyone who has participated in any way, here’s a “high five” and a “thank-you!”

And yes, I’ll be changing this page to reflect the AAQI’s new status any time now, so head over for one last look at the “before” and in a day or two you’ll see the “after.”

Entry filed under: AAQI News.

Wired AAQI Auction Ends Tonight

5 Comments Add your own

  • 1. Karen L.  |  July 8, 2008 at 7:33 pm

    A big CONGRATULATIONS to you and your cohorts! Look what you have done …. such a wonderful happening. Keep up the great work that you are doing for all of us and we will continue to try to support you in whatever small or large way that we can. I believe that there is a special place in heaven for you …. but don’t head up there too soon and you have a lot of work here on Earth to finish first. Thanks for all that you do for Alzheimer’s.

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  • 2. quiltdivajulie  |  July 9, 2008 at 11:09 am

    YES YES YES YES YES!!!

    Congratulations on this HUGE accomplishment… so much has happened on the way here, I can only imagine what lies ahead!

    Ami, you are AMAZING!!

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  • 3. ALNAN  |  July 9, 2008 at 11:18 am

    You are certainly a treasure to the quilting world and to the Alzheimer’s initiative. AND You must have had a wonderful mother to put all this energy into what you do for Quilting and Alzheimer’s and all your other projects. And give Madison a hug for me.

    Nan

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  • 4. Mumaud  |  July 9, 2008 at 4:18 pm

    Congratulations! I feel the openness and transparent make-up of how the charity works has been a key factor in this quick approval. The AAQI has highlighted the need for Alzheimer’s research by exhibiting quilts and keeping the need for a cure before the public. One feature of the project, Priority: Alzheimer’s Quilts, consists of people donating quilts they have made and other people making the highest bid to own the quilt with the only the most minimal expenses being taken from that payment, and the remainder going to Alzheimer’s research. The program was in place and functioning before the request for non-profit status and there are no inventory purchases that may or may not be reimbursed through donations. AAQI has grown by leaps and bounds, proving its worthiness and practicability. No enormous executive or management salaries are paid, nor are expensive offices and extreme operating expenses required. Many of the supplies are donated by individuals and businesses. It is grass roots; concerned people raising money for Alzheimer’s research at an individual level but with the sanction of the government. Ami and her friends have worked hard and are doing an outstanding service. We all are so proud of you.

    We actually go beyond keeping executive/management salaries, offices, and operating expenses low. We’re totally volunteer. NOBODY gets a salary! (That’s pretty low!) We don’t pay rent, we don’t even own a computer. You can see where all the money comes from and where it goes on our Show Me The Money page on our site. ~Ami

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  • 5. Melinda  |  July 10, 2008 at 8:41 am

    I know how many hoops you jumped to get the application written. Congratulations on a job well done. It’s true everything you want to accomplish starts with a single step. Keep walking!

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