Chamber Foundation Basics

In this two-part e-course, Ashleigh Allione and Judith Kim of Venable LLP share information on how to create a nonprofit corporation exempt as a 501(c)(3) in connection an existing 501(c)(6) organization. Course content was developed based on information needs of ACCE members seeking to create chamber foundations or reactivate dormant foundations, and includes information on state law basics, steps to incorporate, how to apply for and maintain federal tax exemption status, and important items relevant to the ongoing relationship between the 501(c)(3) and 501(c)(6) organizations.

Course materials include a checklist of important steps in forming and operating a 501(c)(3) foundation, along with links to relevant IRS publications and sample policies, bylaws, and articles of incorporation.