EMAIL DETAILS
SUBJECT:
Re: To get our own c(3) status
PRI: NORMAL
FROM:
J
josh@beaubiden.com
DATE:
2015-06-22 13:16:53
MSG_ID:
<B04E4D07-5555-4424-9B4C-7012EF6DFF75@beaubiden.com>
RECIPIENTS:
TO:
H
Hallie
<halliebiden@gmail.com>
H
Hunter Biden
<hbiden@rosemontseneca.com>
M
Melvyn I. Monzack
<mmonzack@monlaw.com>
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PROCESSED
Hello, good morning all - I’ve reviewed the IRS form 1023, which we need to fill out and file to get our own c-3 status. It’s a long form, and a bunch of the questions are just check yes or no. However, there are a few specific questions I’ve attempted to answer. The first four questions Mel gave us last week are below. If there’s anything you’d like to change in 1 or 2, please let me know. For compensation, I put $0 for board and officers, and $2,000/mo ($12,000 per year) each for a development director (happy to do it if you want me to) and an executive director/programming director 1. Summarize specific activities and how meet purposes speaking in schools, making children aware…3 small examples is fine) Fund Stewards of Children education seminars for 1) large corporations in DE and 2) teachers, medical professionals/first responders and lawyers Create and fund an in-school presentation program to educate children on bullying and online safety Scholarships for law students at Widner (Delaware) Law School interested in studying child protection Endow a fellowship in the National Association of Attorneys General that will study child protection legislation to be sponsored in states around the country 2. Summarize fundraising methods (mail, personal solicitations) disclose any contracts – and payment of fees. Grassroots: email and social media driven grassroots fundraising, focused on previous supporters. Corporate: targeted one on one outreach to corporate entities headquartered in Delaware. Sponsorships of specifc programming (Stewards of Children, NAAG fellowship, etc) Individual/Foundation: partner with like minded organizations and individuals with an interest in developing a strong advocacy/awareness campaign for protecting children Fees: Database management, website hosting, small foundation staff (ED, programming, development) 3. Disclose compensation of officers, director, how decisions made Director of Development - Independent Contractor - Joshua Alcorn - $2,000/mo Executive Director/Director of Programming - TBD - TBD - $2,000/mo 4. Project 3 year income and expenses. I proposed that we would raise $2,000,000 per year in gifts, grants and contributions received. Additionally, I said we would raise $10,000 per year through gross receipts for admissions (to the Biden Seminars) and merchandise sold (I’m thinking bumper stickers). I said we would disburse $1,500,000 per year to organizations, foundations and programming. As mentioned, I budgeted $24,000 per year for a development director and ED/Programming director. Answers to specific question are below. I can work with Mel to get these attached to the form for submission. Part VI Provide goods, services, funds to organizations? Yes. In school programming will involve a presentation to middle school students about bulling (in person and online), the importance of online reputation management, and recognizing the signs of child abuse. The Stewards of Children program is an existing program developed by the Darkness to Light Foundation, which educates adults about the signs of child abuse. Our proposed fellowship at the National Association of Attorneys General will provide a salary or stipend to a lawyer to do research and draft legislation while working for the National Association of Attorneys General. Part VIII Influence Legislation? Potentially. Our fellow at the National Association of Attorneys General be drafting legislation and policy proposals that state Attorneys General may take to their state legislatures. Part VIII Fundraising Activities 4A. Mail solicitations - twice yearly mail solicitations to previous donors Email solicitations - regular email contact with previous donors, apprising them of our programming and asking for their support (10-15 times per year) Personal solicitations - members of the board in conjunction with director of development will occasionally meet with donors face to face. Most often, these will be meeting for larger donations/grants, including but not limited to, specific programming underwriting and general operating fund donations. Foundation grant solicitations - the foundation will regularly submit grant requests to other foundations. The board will work with the director of development and the programming director to identify potential grants. Phone solicitations - the foundation may contract with a vendor or run a volunteer phone bank to solicit donations from previous donors. Accept donations on your website - the foundation will maintain a website (BeauBidenFoundation.org <http://beaubidenfoundation.org/>) that will accept donations via Paypal. Receive donations from another organization’s website - the foundation may occasionally partner with like-minded non-profits to raise money online. Government grant solicitations - the foundation will regularly submit grant requests to government agencies. The board will work with the director of development and the programming director to identify potential grants. B. The foundation will contract with a director of development to raise funds for the foundation. The development director will work with the board to identify potential individuals, nonprofits and government agencies for direct donations, programming underwriting and grants. The director of development will make $12,000 a year, and will be responsible for overseeing all foundation fundraising (projected $1,500,000 per year). D. The foundation expects to conduct fundraising in all 50 states through our email list. We expect most of our fundraising meetings to occur in Delaware, Pennsylvania, New York and Washington, DC. We will not be raising funds for other organizations, and other organizations who raise money for us will do so through their email lists. 11. We expect to receive occasional donations in the form of stocks. There will be no conditions imposed by the donor on the contribution in the form of stock and the foundation will enter in to no agreements with the donor regarding the contribution. 13. Yes, we will make grants and distributions to other organizations. B. Our grants and distributions will go to like-minded organizations already working in the child protection space. They will be organizations doing work that we do not need to recreate. D. We have no relationships with any organizations at this time, but we expect to partner with Darkness to Light. W F. We will require an application form. We will require a grant proposal. G. We will require periodic reports from organizations we distribute funds to. We expect to fund specific programming in Delaware Founding Members who will appoint a board of directors Hallie O. Biden, R. Hunter Biden, Ashley Biden Joshua Alcorn 302/295.8340 (office) 302/598.1885 (cell) josh@beaubiden.com > On Jun 16, 2015, at 4:02 PM, Joshua Alcorn <josh@beaubiden.com> wrote: > > 1. Summarize specific activities and how meet purposes speaking in schools, making children aware…3 small examples is fine) > Fund Stewards of Children education seminars for 1) large corporations in DE and 2) teachers, medical professionals/first responders and lawyers > Create and fund an in-school presentation program to educate children on bullying and online safety > Scholarships for law students at Widner (Delaware) Law School interested in studying child protection > Endow a fellowship in the National Association of Attorneys General that will study child protection legislation to be sponsored in states around the country > 2. Summarize fundraising methods (mail, personal solicitations) disclose any contracts – and payment of fees. > Grassroots: email and social media driven grassroots fundraising, focused on previous supporters. > Corporate: targeted one on one outreach to corporate entities headquartered in Delaware. Sponsorships of specifc programming (Stewards of Children, NAAG fellowship, etc) > Individual/Foundation: partner with like minded organizations and individuals with an interest in developing a strong advocacy/awareness campaign for protecting children > Fees: Database management, website hosting, small foundation staff (ED, programming, development) > 3. Disclose compensation of officers, director, how decisions made > TBD. I will ask Mel for a draft of how best to answer this question, something I’m sure he has as his firm has set up other foundations. > 4. Project 3 year income and expenses. > I think we should say $1m a year, knowing we can always revise up. Expenses should be limited to any paid staff and overhead (database, website, postage, event costs). I’ll ask Mel what the IRS is looking for here specifically. >
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