pete M via 44Net 44net@mailman.ampr.org wrote:
But what you may not know is that by selling some space again ARDC would loose it's 501c status and would have to pay a huge taxe amount on the selling of the new block and the same on the first block as this would be seen by the IRS as its core business and not seen as a charity entity. This would totally defeat the goal of selling another block.
Don't believe the above paragraph.
The actual situation between ARDC and the IRS rules is far more complicated and interesting than what Pete describes. The loss of our 501c3 status is not at risk. We are still working out the details with our nonprofit tax lawyers. We will publish our first 990-PF (private foundation) tax return for 2020 on our website and to the 44net when we file it, and then we can talk with more certainty.
John Gilmore, W0GNU ARDC board