20 Nov
2014
20 Nov
'14
1:27 p.m.
I've been told that Once a property is acquired by a 501c3 it is very complicated to
sell it.
Alice
415-272-0596
On Nov 19, 2014, at 12:45 PM, Autonomous wrote:
Here's a correction, sorry:
Once 501c3 status is obtained then it is possible under California law to acquire a tax
foreclosed property for the price of taxes due only.
On Wed, Nov 19, 2014 at 12:42 PM, Autonomous <autonomous666(a)gmail.com> wrote:
Prior to meeting with the attorney it would be good to prepare a "purpose
statement" that describes the activities of SudoRoom that qualify for non-profit
status. A few other hackerspaces have acquired 501c3 status. Here is an example:
The Geek Group provides access to science, technology, engineering and math by developing
programming and facilities for individuals and institutions to learn, explore, innovate
and play at an independent pace according to their needs.
http://thegeekgroup.org/about-2/mission-statement/
Obviously the educational activities of Sudo Room would qualify as a public benefit or
charitable purpose. There's also a number of other qualifying purposes having to do
with community welfare, defense of human and civil rights secured by law and so on.
Once 501c3 status is obtained then it is possible under California law to acquire tax a
foreclosed property for the price of taxes due only. There are a number of interesting
properties available in Oakland that would serve your purposes.