Thank you for your question. I look forward to working with you to provide you with the information you are seeking.
In order to take donations, you would have to be a non-profit organization or you would have to pay taxes as income on all of the money you receive unless you write off the money because you are giving all of it to another non-profit organization. If you are not a non-profit, then the people making donations to you could not write off the donations.
Thus, if you want people donating to you, then you have to set up an corporation
and you would then have to apply to the IRS for a 501(c)(3) exemption stating your charitable purpose to fund Motown events for education of people about the music and you would have to submit a copy of your bylaws
/articles of incorporation or organization stating your charitable purpose. You would need to be approved by the IRS and receive an EIN from them before setting up the donation account as you need that number for the account.
You also have to keep an accounting of where all of the money coming into the account goes, for reasonable expenses of operation or for donations to helping Motown events. Every year you have to file a form 990 or 990N (if you make less than $50,000) with the IRS accounting for the money you take in.
Thank you so much for using JustAnswer.com. I truly aim to please you as a customer, but please keep in mind that I do not know what you already know or don't know, or with what you need help, unless you tell me. If I did not answer the question you thought you were asking, please respond with the specific question you wanted answered. PLEASE use REPLY to EXPERT if you would like more information or if you feel something was not included in your answer.
Kindly remember the ONLY WAY experts receive any credit at all for spending time with customers is if you click on OK, GOOD or EXCELLENT SERVICE even though you have made a deposit or are a subscription customer. YOU MUST COMPLETE THE RATING FOR THE EXPERT TO RECEIVE ANY CREDIT, if not the site keeps your money on deposit.
Also remember, sometimes the law does not support what we want it to support, but that is not the fault of the person answering the question, so please be courteous.
PLEASE NOTE WELL WE ARE DEALING WITH LAWS OF 50 STATES PLUS FEDERAL LAWS, AS WELL AS DEALING WITH OTHER CUSTOMERS, SO PLEASE BE PATIENT AND BE ASSURED YOU ARE NOT BEING IGNORED.
There can also be a delay of an hour or more in between my answers because I may be taking a break.
You can always request me through my profile at http://www.justanswer.com/law/expert-paulmjd/ or beginning your question with “For PaulMJD…”