In Alabama, a grant agreement is a legal document that outlines the terms and conditions through which funds are distributed from a 501(c)(3) (nonprofit organization) to a 501(c)(4) (social welfare organization). This transition is significant as it involves the change in tax-exempt status from a charitable organization to a social welfare organization. Here are the types of Alabama Grant Agreements from 501(c)(3) to 501(c)(4): 1. General Alabama Grant Agreement from 501(c)(3) to 501(c)(4): This type of grant agreement governs the transfer of funds from a nonprofit organization with a 501(c)(3) status to a social welfare organization with a 501(c)(4) status in Alabama. It outlines the purpose of the funds, the responsibilities of both parties, the timeline for transfer, and other relevant terms and conditions. 2. Specific Purpose Alabama Grant Agreement from 501(c)(3) to 501(c)(4): This type of grant agreement is used when funds are transferred for a particular project or program. It specifies the intended use of the funds, measurable outcomes to be achieved, reporting requirements, and any limitations or restrictions on fund usage. 3. Capacity Building Alabama Grant Agreement from 501(c)(3) to 501(c)(4): This type of grant agreement focuses on strengthening the infrastructure or capabilities of the social welfare organization. It may involve funding for training programs, technology upgrades, or organizational development. The agreement outlines the goals, budget, reporting procedures, and evaluation criteria associated with the capacity-building efforts. 4. Advocacy Alabama Grant Agreement from 501(c)(3) to 501(c)(4): This type of grant agreement facilitates funding for advocacy activities aimed at promoting a specific cause or policy change. It may involve supporting lobbying efforts, public awareness campaigns, or grassroots organizing. The agreement includes provisions on permissible advocacy actions, reporting on advocacy activities, and compliance with legal requirements. 5. Research and Education Alabama Grant Agreement from 501(c)(3) to 501(c)(4): This type of grant agreement supports research initiatives and educational programs conducted by the social welfare organization. The agreement outlines the scope of research or educational activities, the budget, reporting requirements, and any intellectual property considerations related to the research findings. In all of these types of Alabama Grant Agreements from 501(c)(3) to 501(c)(4), it is crucial to ensure compliance with the Internal Revenue Service (IRS) rules and regulations governing the transition and use of funds. Nonprofit organizations must carefully review and understand the legal implications before entering into such agreements. Consulting with legal professionals and tax advisors is recommended to ensure all necessary steps and requirements are met during this process.
Alabama Grant Agreement from 501(c)(3) to 501(c)(4)
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Can a 501(c)(3) organization change into a 501(c)(4) organization? A 501(c)(3) organization cannot change into a 501(c)(4) organization. But it can dissolve to create a new 501(c)(4) organization.
A 501(c)(4) should only seek funds for a non-lobbying primary purpose activity and should ensure the grant funds are requested for nonpartisan work. For example, a 501(c)(4) that works with immigrants in its community could request grant funds to educate its constituents on new vote by-mail-processes.
In addition to standard terms describing grant amounts and purposes, agreements also include provisions regarding intellectual property rights, reporting requirements, and indemnification, among other subjects. Special provisions are included that deal with international philanthropy.
Grants from a 501(c)(3) to a 501(c)(4) should not be made to cover fundraising costs or general support of the 501(c)(4) (this is to protect the 501(c)(3) from the grant being used for impermissible purposes).
Grants to a 501(c)(4) Organization While a 501(c)(3) organization may be prohibited from distributing its remaining assets upon dissolution to a 501(c)(4) organization, it can make a grant to a 501(c)(4) organization.
Get clear on your purpose. ... Name your 501c4 organization. ... Form a board of directors. ... Create your organization's bylaws. ... File incorporation paperwork at the state level. ... Get an Employer Identification Number (EIN). ... Submit IRS Form 8976, a notice of intent to operate under section 501(c)(4).
In addition to 501c3 organizations, 501c3 nonprofits can also donate to 501c4 organizations. These contributions must be used for charitable purposes, and no amount can be used for political activities.
Private foundations may make grants to 501(c)(4) organizations (or other non-public charities) as long as the grant is for charitable purposes. Charitable purposes include any permissible 501(c)(3) public charity activity except lobbying and voter registration.