We have been working with a group of Seattle attorneys  who specialize in the formation of nonprofits.  They were excited about our project. One of the attorneys there even had a particular background and affinity for arts-based organizations. There were some complexities with our nonprofit that made it different than others, though all was solvable. The incorporation of using pre-owned land, how to manage a nonprofit owning or showing sculptures, infrastructure development, primary initial funds coming from one family, etc. all needed to be factored in so that everything was done correctly, legally, and with staying power.

After many iterations, meetings, documents, and processes, Price Sculpture Forest is now officially a Washington nonprofit operating foundation.

Our next step is to also apply for federal 501(c)(3) nonprofit status, for which the attorneys also have a lot of direct experience. Waiting for 501(c)(3) approval from the IRS can take 6 or more months, though people can already start donating money to the nonprofit knowing that donated funds will be retroactively tax deductible back to now when the 501(c)(3) status gets approved.  Our organization fits many key criteria for both arts and environmental nonprofits.  So, it is a matter of collaborating with the IRS in the application process to receive the additional federal designation.  501(c)(3) status will enable tax deductible donations and receipt of public grants, in addition to our existing state level nonprofit status.

Price Sculpture Forest logo - horizontal

  • March 2020

LEAVE A REPLY

Name*
Comment*