Archive for December, 2007

Netting Nations Receives Generous Donation from the Palanker Foundation

Sunday, December 30th, 2007

Netting Nations was thrilled to receive a very generous donation from the Palanker Foundation. Louise Palanker is an amazing woman in every way. She co-founded Premiere Radio Networks, and the Kids Comedy Club. She also enjoys performing stand up comedy and doing a weekly podcast called Weezy and the Swish. Louise’s generosity and kindness is much appreciated by Netting Nations. Netting Nations can assure the Palanker Foundation that this wonderful donation WILL CHANGE the lives of many people whom she will never know. For more information about the very funny, talented, and philanthropically inclined Louise Palanker, click here: http://www.louisepalanker.com/ or here: http://www.weezyandtheswish.com/blog/_WebPages/LouisePalanker.html

Netting Nations Receives 501(c)(3) “non-profit” Status from the IRS

Sunday, December 30th, 2007

Netting Nations is pleased to announce that our organization received a 501(c)(3) designation letter from the IRS stating that we are officially tax-exempt. 501(c) is a subsection of the Internal Revenue Code ( ยง 501(c)), which lists 28 types of non-profit organizations exempt from certain federal taxes. Section 501(c)(3) is just one of the tax law provisions granting exemption from the federal income tax to non-profit organizations. As a 501(c)(3), we can now solicit tax-deductible donations from individuals and businesses, we do not pay income taxes, we can write for more grants, and we have more partnership possibilities. It also means that we are held to a tremendously high standard regarding accounting and organizational transparency, and that we will be monitored by watchdog groups like Charity Navigator and Charity Watch.

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