You know of Teller (of Penn and Teller fame) and author of the two-volume set on the life of Omaha magician David P. Abbott.

Thanks to his generosity the club now owns The Abbott House.

As I recollect, one of the first questions his financial manager asked was “Are you a 501c3 corporation?”

Fortunately we did bite the bullet four years earlier and paid an attorney $2000 to make sure all financial gifts to the club would be tax deductible on the donor’s United States Federal Income Taxes.

It might not be for your club, but it was for us.

You can read more about the new Abbott House Project HERE.

Categories: Governance, Uncategorized

Tags: Governance