This Foundation a Works in Progress - Though Tax Exempt

Your Poetry will be promoted around the Globe! Our Mission

Our Purpose, however, is to make this Foundation Legal over time with support from Sponsor 'CHECK or PLEDGE' Gifts, $$$ Gifts from services we provide and all is "Tax Exempt" as 'A GIFT' in your State for doing so when 100,000 Viewers Gift a Donation now only $2.00 or more today "If not now when" >>>>   >>>> donate: to support for 'all' throughout this Amazing Blog. Thank You in advance from all of us too!

Now we can break the 'barrier' upon receiving Funds from around our Globe and Finalize the "Legal" process within THREE (3) Days Honestly said: This Editor. 

Our "Goal" is to 'Raise Funds' more than $250,000 and Legal Fees as this process continues over the years and all support from Special Folks like YOU!  

Editor's Memo: We are saying this is works in progress because of much of these Funds have been provided by Mr. Perry Campanella and Mr. Richard Levine Famous ( Video Grapher ) (WaterBoy) also Mr. Herbert Ray Pitre ( Musician/ Poet/ Book Author/Famous Country Singer); So these remaining Funds will be provided from Sponsors and Corporations participating from around our Globe. God Willing.

What is trending: People are starting to talk about us and we can't let them down!

This is the result of These facts: Is this web blog a scam to acquire a Poets cash? or Honestly is this Web Blog attempting to help Poets to sell their Poetry Book Collections with Back-Links Direct to their Book Stores? YOU decide for yourself! Please send all COMMENTS perrycampanella90@gmail.com "good or Bad"

Famous Country Singer Herbert Ray Pitre

Official Videos:

Overview

A private foundation is an independent legal entity set up for solely charitable purposes. Unlike a public charity, which relies on public fundraising to support its activities, the funding for a private foundation typically comes from a single individual, a family, or a corporation, which receives a tax deduction for donations.

The word “foundation” is commonly incorporated into the names of many different types of nonprofits (e.g., The Susan G. Komen Foundation, The Bill and Melinda Gates Foundation, Make-A-Wish Foundation). But not all of these “charitable foundations” are private foundations. In fact, a private foundation is a very specific and distinct type of charitable foundation.

Both public charities and private foundations are classified as tax-exempt, 501(c)(3) organizations by the IRS. However, the major difference between a private foundation, like The Bill and Melinda Gates Foundation, and a public charity, like the Make-A-Wish Foundation, is where they derive their financial support. While a public charity gets its funding from the general public, a private foundation usually has one source of funding, typically an individual, family, or corporation.

Because a private foundation stays under the control of the donor, you determine:

  • The foundation’s mission;
  • Whom to include on the foundation board;
  • Where the funds are invested; and
  • How and where funds are given away.

And, because the foundation can be set up with the intent to exist in perpetuity, your charitable giving can continue as long as your foundation exists. In this way, it can become a living family heirloom that’s passed from one generation to the next.

Private Foundations vs. Public Charities

Private foundations and public charities are both classified as 501(c)(3) organizations by the IRS and are tax-exempt. Both exist to serve the public good. However, private foundations and public charities have different means of accomplishing and supporting their work, as well as governing themselves.