WHAT YOU GET WITH YOUR PURCHASE/DONATION...
All documents necessary to have your very own private Christian church Foundation
- Tax Identification number filed the right way and for
"Banking Purposes Only"
- We give you direction and support to help you open your
bank account
WHAT YOU CAN DO WITH YOUR "PRIVATE HUMANITARIAN Foundation"
Many people have asked, "Is there a list of things one's "Private
Humanitarian Foundation " (Foundation), can do that might help us
ascertain the value of having our own Foundation? "Declaration
of Private Humanitarian Foundation " of an un-incorporated organized
church/Foundation as the "otherwise" described in Title 26 USC (IRS
Code):
1. Operate in complete privacy. Since the Foundation is not incorporated, it is
a private, lawful entity that is the "exception" rather than being
"exempt" from regulation regarding all entities controlled by the government
which includes all 501(c)3 corporations. Therefore, you can now lawfully
operate in complete privacy.
2. Receive an income tax deduction. All donations made to your Foundation from
yourself, friends, relatives, clients, patients and fund-raising events are
fully deductible from the donor's taxes as provided by law.
3. Remove assets from other taxation. All gifts (donations), to your Foundation
are removed from Estate, Gift and Capital Gains tax exposure.
4. Receive donations or gifts of all kinds of assets. Your Foundation may
accept donations of all kinds of assets. (Real property, stocks, vehicles,
boats, planes, clothing, furniture and money.)
5. Receive funds from deferred gifts. Your Foundation may receive donations
from wills, trusts, life insurance or any other deferred gift.
6. Immune from liability of lawsuits. By placing all your assets into a Foundation,
attorneys will have a tough time trying to collect any judgments against you
personally. (If they can collect anything at all.) As the saying goes,
"You can't get blood out of a turnip".
7. Reduce you own personal tax liability. By receiving your
"compensation" into your Foundation, your own personal tax liability
will be reduced.
8. Reduce your business's tax liability. By making the Foundation the lawful
owner of most of the stock or ownership in an existing business, your
business's tax liability will decrease.
9. Open bank accounts all over the world. There is no need to have an
"off-shore" trust or corporation since a Foundation can exist all
over the globe. However, one may have to physically open the account in another
country and give the bank a local address for your Foundation.
10. Gifting to other Countries. U.S. Taxpayers cannot deduct gifts to overseas
charitable projects unless they do so through another charitable entity such as
the Foundation.
11. Personal compensation for the work you do. A Foundation can provide for the
payment of anyone that works for it. This can be done by using the
"Workers Contract" that is provided in all the Self Supported
Ministries. Since FRNs (Federal Reserve Notes) are used as "payment"
(exchange), the transaction should not be a taxable event according to United
Stated Codes. FRNs are "Obligations of the United States".
"Obligations" are not taxable, unless you or your entity is a
corporation or a public organization.
12. Allow your Foundation to make the payment for all expenses. All expenses
that are required for the operation and growth of the Foundation are allowed.
Yes, you can have the Foundation pay for all your transportation, clothing,
food, and shelter. (Remember, you are working for God now.)
13. Bank accounts are private. The checking account set up for the Foundation does
not have any social security number associated with it. However, the bank may
want to check your own social security for personal identification only. Every
bank should open an account without having any "DBA" associated with
it. Remember, the Foundation is not a business in the commercial world.
14. You are in control. Since there is no "trustee" or "office
of the president" involved in the Foundation, you can be directly involved
with all the legal transactions regarding the Foundation.
15. No ending date for the Foundation. The Foundation does not have a date
where it comes to an end. There is no ending date for any reporting because
there is nothing to report.
16. Not taxable. We cannot find any law that stipulates that the Foundation is
required to file ANY tax return.
17. Non-political. The Foundation is not political in any manner even though it
may be "created" by contract somewhere in the united States of
America. However, the Foundation may write or verbally "report" to
others regarding the truth or opinion of any matter going on world-wide.
18. May be funded or supported by other businesses. Since the Foundation is
just that--a PRIVATE HUMANITARIAN Foundation --to survive, it must be supported/financed
by activities that make donations. This can be done by having some or all your
"supporting business" profits go directly into the account of the Foundation.
In fact, the Foundation itself can, and should have activities that support
itself. Remember, the Foundation is PRIVATE HUMANITARIAN!
19. Not regulated by the Government for corporations. Remember the Amish? They
can build what they want on their property without "code enforcement"
from the government. They do not need licenses to operate. They are left alone
by the government. The Foundation should be operated just like they operate
their "work". If they can do "it", then the Foundation can
do "it".
20. Your self-esteem. Your light should shine among men so that they might see
what you do. If everyone who calls himself a Christian would have his own Foundation,
there would be a lot more money for the Church (God's people). Now you are working
for God, rather than for "men". This will have a significant effect
on one's attitude. After all, Christ said "Carry your OWN cross". We
should not to let someone else carry it. Now you're "giving" is not
just a tenth. It is now EVERYTHING that you have, own, and will do. (Get the
picture?)
21. Your ability to influence your children. Many who have a Foundation enjoy
the opportunity to impact their families by "leading by example" not
only in the home, but also in their church and community. You can now add
"significance" to your lifetime of work.
22. Other considerations. Perhaps the worst thing for an older person to have
are assets. Many older people have had all their hard-earned assets levied on
and actually had them taken (stolen) by the government by being admitted to a
health care facility. If one is wealthy, the wealth can be "used" up
quite fast and nothing will be left for their heirs. By placing all their
assets, ahead of time, into a Foundation, they can now lawfully state that they
do not "own" anything and can now be fully covered by federal and/or
state coverage. (Medicare) If they need anything, the Foundation can take care
of them. The Foundation can be managed by them until their designated successor
takes over.
Once you have obtained a Tax ID number (From the IRS) which allows under law
the party that is looking towards a deduction to donate to a church to be tax exempt.
See, the IRS existed LONG before the 501c3 church was created in the late
1960’s. How, if it was unlawful, did “the people” get relief from
donations on their returns by donating to a Non-501c3 status church? So
what is a church prior to the creation of the state owned church?
A United States Supreme court case, Everson vs. Board of Education, 330 US
203.9l, LEd 2nd 71 1, gave us a decision that held that the 'establishment of
religion' of the First Amendment means this: Neither a state nor the Federal
Government can set up a church. Neither can they pass laws which aid one
religion, aid all religions, or prefer one religion over another. Neither can
they force nor influence one to go to or to remain away from a church [Foundation]
against their will or force him to profess a belief or disbelief in any
religion. No one can be punished for entertaining or professing religious
beliefs or dis-beliefs, for church [Foundation ] attendance or nonattendance.
In Title 26 of the United States Code and Income Tax Regulations - June 26,
1977 Edition, published by Commerce Clearing House Section 1.511-2(ii) volume
1, page 33, 471, 472, and in the Law of Tax Exempt Organizations by Bruce
Hopkins, page 107, it states: The term "Church" [Foundation ]
includes a religious order to a religious organization if such order or
organization (a) is an integral part of a church, and (b) is engaged in
carrying out the functions of a church, whether as a civil law corporation or
otherwise. (Note, "or otherwise" you do NOT have to incorporated and
thus become a creation of the Government.)
Under Code 508 (a) it states: "New organizations must notify the secretary
that they are applying for recognition of 501 (c) (3) status EXCEPT as provided
in Subsection (c)." Found in Code 508 (c) (1), "Exceptions -
mandatory exceptions - subsection (a), shall not apply to 1- (A) Churches,
their integrated auxiliaries, and conventions or associations of
churches."
IRS Code Section 50l (c) (3) - List of exempt organizations, foundations and
establishment organization, etc.; organized and operated exclusively for
religious purposes (the Church and its auxiliaries). Restrictions - No part of
the net earnings of which insures to the benefit of any private shareholder or
individual, no substantial part of the activities: of which is carrying on
propaganda, or otherwise attempting to influence legislation, and which does
not participate in, or intervene in (including the publishing or distributing
of statements), any political campaign on behalf of any candidate for public
office.
Regulation 1.5 0l (a) (1) - Exemption from taxation Section 501 (a) provides an
exemption from income taxes for organizations which are described in Section
501 (c) (volume 1, page 33, 431).
IRS Code Section 6033 (a) exempts religious organizations from the need for
filing returns of ANY KIND!
IRS Code Section 6033 (a) (2) (A) (i) provides for mandatory exceptions to
filing requirements for religious organizations and states that filing
requirements shall not apply to "churches", their integrated
auxiliaries, and conventions or associations of churches.
Therefore, we see from the above information that the church exists as an
exempt organization under the laws of the United States of America; that is,
the church and its auxiliaries; and not the person or individuals who establish
it.
No Requirement to File Returns: Under Title 26 USC section 6033, the
church/Foundation is a religious order
and therefore has complete immunity to disclosure. It is not necessary for the
church/Foundation to maintain records of any kind except for its own purposes
and reasons.
Anyone--even the Directors may donate. The law states that anyone may donate up
to 50% of their taxable in to a recognized church/Foundation of their
choice. A recognized/Foundation may provide a receipt stating that it is
a religious entity and
provide its EIN number.
Foundation Self Supported Foundation Facts
