I meet with a cemetery association that has 91 members at their annual meeting.
I suggested that they apply for endorsed group status so their members can receive an additional 5% discount on LTCI.
I found out that the association has been in existence since 1992 and “thought” they were a 501c3 non-profit. They recently discovered not all the paper work was done, and they are hurrying to finish it up now and retro-date it.
They like the idea, but here is the rub. Anyone can become a member of the association. There is no fee, nor requirements.
Will applying for endorsed group status thru Allianz have any bearing on the 501c3 status, since it will be a direct benefit to become a member?
Any takers on helping me tear this one apart, knowing that it is not sound legal advice. The 501c3 attorney said it might, and he will have to look into it, I would like some other agents experience with this. Some attorney’s will just say it is not possible instead of doing the research.
I suggested that they apply for endorsed group status so their members can receive an additional 5% discount on LTCI.
I found out that the association has been in existence since 1992 and “thought” they were a 501c3 non-profit. They recently discovered not all the paper work was done, and they are hurrying to finish it up now and retro-date it.
They like the idea, but here is the rub. Anyone can become a member of the association. There is no fee, nor requirements.
Will applying for endorsed group status thru Allianz have any bearing on the 501c3 status, since it will be a direct benefit to become a member?
Any takers on helping me tear this one apart, knowing that it is not sound legal advice. The 501c3 attorney said it might, and he will have to look into it, I would like some other agents experience with this. Some attorney’s will just say it is not possible instead of doing the research.