I think this is mainly due to be becoming co-host of the GunBlog VarietyCast: I have more to do on Thursdays -- not only do I still have to do my Blue Collar Prepping segment, but I also have to listen to all the other segments and then record the entire show -- and that just leaves me exhausted when Friday rolls around. This is something I'm trying to change, but so far I haven't had much luck.
But who cares about that boring stuff, right? You all want to know about Blazing Sword.
I am pleased to announce that IRS form 1023 -- the paperwork required for Operation Blazing Sword applies to become a 501c3 tax deductible charity -- has been filed. We are waiting for approval (which can take months), but the act of filing allows us to do a few things.
Legal statement per OBS in-house counsel: "Although we are a nonprofit, we have applied for, but currently do not have, Federal tax-exempt status. However, in the event our tax-exempt status is approved by the IRS, any donations to us will be considered tax-deductible. In addition, donations made prior to the IRS’s approval would be considered retroactively tax-exempt, including donations made as far back as our date of formation in August 2016. Please see this IRS link for more details."
What this means is this:
- Until our status is granted, OBS cannot actively raise funds.
- However, any money that people choose to donate now can be accepted.
- Anything you donate now is tax-deductible if we are approved. Fortunately, approval does seem likely.
- Additionally, anything you've already donated since August will also be tax-deductible, but again only if we are approved.
- We cannot (and likely will not) be able to reimburse volunteers for ammo and range fees like I had hoped. However, if you keep those receipts, you can write those off as charitable donations because you're spending that money in support of OBS.
- If despite all this, you're still itching to donate, I'm going to ask you to hold off just a bit longer. I want to set up a PayPal account for OBS that is separate from my own, both for ease of bookkeeping and for legal reasons.