Wisconsin Knights of Columbus Charities, Inc. 4297 West Beltline Highway Madison, WI 53711 Ph. 608/274-5750 Fax 608/274-8522 Eileen Ripp, Administrative Manager eripp@wikofc.com Non-Profit-IRS Code 501 (c) (3), Tax I.D. 42-1654056
Directors Robert Abb, President Roger Gorst, Vice-President Roland Ransom, Secretary Dan Hull, Treasurer Tim Genthe Dennis Rakowski Charles Simmons
Donor Form Explanation and Other Instructions Wisconsin Knights of Columbus Charities, Inc Donor Form Non-Profit, Tax Exemption and Tax Deductibility Status: The Wisconsin Knights of Columbus Charities, Inc. is a non-profit corporation registered with the State of Wisconsin. It is tax exempt from federal and state income taxes and it is determined by the Internal Revenue Service to have a charitable operating purpose qualifying it under their Code Section 501 (c) (3). Having that status, donor’s contributions of cash, cash equivalent assets and other property are eligible for tax deduction to the extent provided by IRS Code Regulations, if itemized on their income tax return and supported by the Corporation’s acknowledgment. Form Explanation: The Donor Form is the Corporation’s standard form for a donor to complete and to file with the Wisconsin State Council, the Corporations initiating and administrative agent. Information entered directs the Corporation’s board of directors and administrative staff of the donor’s intention(s) for distribution of donated cash, cash equivalents or other property. Donor Contribution Designation This Corporation is formed for charitable purposes including religious, education, scientific and other charitable purposes. The State Council operates other segregated funds for the purpose of charity, respect for life and intellectually disabilities. Donors may designate one or more of those restricted fund purposes. In addition, the donor may designate another specified purpose meeting qualified charitable purposes. The board of directors and administrative staff are obligated to distribute contributed cash, cash equivalent and other property per the donor’s designation recorded on the Donor Form. Fund assets of Restrictive Funds will also be classified as restricted funds in the Corporation’s equity section of its financial statements. The donor may also designate that their contribution is for unrestricted purposes. The board of directors will distribute those funds at their desecration. Tax Identification Number and IRS Letter of Determination The federal tax identification number is issued exclusively to Wisconsin Knights of Columbus Charities, Inc. Its use is not extended Wisconsin State Council subordinate councils. The number is provided as a reference to the donor for use to verify the authenticity of the Corporation as to its status as a 501 (c) (3) corporation. In addition, to reference to the tax identification, some donors, such as, private foundations may also require a copy of this Corporations IRS Letter of Determination. Upon request, the donor will be provided a copy of it by the administrative staff. Donor Form Filing The completed Donor Form is to accompany a contribution payment or title to other property, such as, vehicle titles, stock certificates and other appropriate property documentation being transferred to the Corporation. Mail the Donor Form and accompanying documents to the Wisconsin State Council address provided on the form. Donor Name and Mailing Address Completing the donor’s name and address provides administrative staff this necessary information for them to return an acknowledgment of their contribution, especially those with a value of $250 or more. While this acknowledgment is not necessary for the donor to attach to their income tax return, however, the donor will have to present it to substantiate their contribution deduction reported upon the IRS’ request of it. Subordinate Councils-Distribution Agent In many cases donor’s contributions are the result of your applying for corporate or foundation matching funds through a fund raising event. The donor’s designation for distribution of their contribution may be to a similar payee as the council’s intention of funds raised. If the council will act as the agent to present the beneficiary of both council and this Corporation’s distribution as a formal presentation and to gain publicity, send a written letter or memorandum to the administrative staff requesting the Corporation’s distribution payment be sent to council in the attention of a designated officer. |