Thursday, March 29, 2012
Act in Haste . . .
On his blog, Sam Pratt reports that the Galvan Initiatives Foundation has so far not been approved as a charity by the IRS even though it is listed as a project sponsor on the Civic Hudson fact sheet: "I.R.S. has yet to approve Galvan." This may explain why all references made last night to the sponsor/owner of the project were to the Lantern Organization not to the Galvan Inititatives Foundation.
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I'm not surprised especially if it's a new foundation. It can take more than a year to get a 501 (c) (3) intermediate letter, much less a full IRS approval.
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