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Yes. Very simple question. We are a catholic elementary school…

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Yes. Very simple question...
Yes. Very simple question. We are a catholic elementary school that started a scholarship fund in the name of a teacher who passed away. We just wanted to confirm we could open up a "sub account" to place the donations for this fund under our 501(c)(3) identification number
Submitted: 3 years ago.Category: Tax
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Answered in 11 minutes by:
6/8/2015
Tax Professional: jgordosea, Enrolled Agent replied 3 years ago
jgordosea
jgordosea, Enrolled Agent
Category: Tax
Satisfied Customers: 3,161
Experience: I've prepared all types of taxes since 1987.
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Greetings,
Indeed, you may open a separate account to place the donations for this fund.
In fact, that is likely a wise management of the fund.
Please ask if you need more information or clarification.
Best regards.
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