[OMS_MANAGERS] Facade Improvement Loans

[kendallbell945 at gmail.com]

Hi Bill,   We just received our 501(c)3 status.  Some organizations across the state are structured that way.  We thought it might help us increase support due to the tax free giving opportunity and might help us be more eligible for grant money!
Thank you, Kendall

Sent from my iPad

> On Aug 20, 2015, at 3:23 PM, mayor <mayor at ci.aurora.or.us> wrote:
> 
> Hi,
> 
> I know this is not part of your original question, but I was wondering if you are a 501c3 and not a 501c4 or c6.  I did not think that a Main Street group was considered charitable.  We are starting to formulate our organization and was wondering about this.
> 
> Thanks, Bill
> 
> Bill Graupp | Mayor | City of Aurora | 503-678-1283
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> From: OMS_MANAGERS [oms_managers-bounces at listsmart.osl.state.or.us] On Behalf Of kendallbell945 at gmail.com [kendallbell945 at gmail.com]
> Sent: Thursday, August 20, 2015 2:51 PM
> To: oms_managers at listsmart.osl.state.or.us
> Subject: [OMS_MANAGERS] Facade Improvement Loans
> 
> Hello Everyone,   I am interested in learning how other communities handle the following situation.   We are now a 501(c) 3.  We are considering offering a Facade Improvement Loan.  One of the key properties on the entrance to our Main Street that is in great disrepair is owned by a board member.  They would like to apply for a loan.
> Any suggestions or thoughts??
> Kendall in Klamath Falls
> 
> Sent from my iPad
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