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With the formation in the US of the Oaxaca Lending
Library Foundation, Inc., donations and grants intended for use by the Oaxaca Lending Library and its programs,
such as Libros Para Pueblos, can now be credited as having donated to an organization officially recognized
by the IRS as a non-profit 501 (c) 3 organization.
Why a Foundation? Since the Oaxaca Lending Library,
A.C. (OLL) is a Mexican entity and therefore does not officially exist in the US, the Oaxaca Lending Library
Foundation, Inc. (OLLF) has been formed as a US entity, incorporated in the State of Delaware.
It is the OLLF that has been granted 501 (c) 3 status by the IRS. However, the OLLF’s SOLE reason for existing is to serve
the needs of the OLL and its programs, such as Libros Para Pueblos. Library donors wishing to have their
donations credited as having been given to an organization with 501 (c) 3 status, must donate to the
OLLF, which in turn will provide the funds to the Library or its programs.
Benefits: Existence of the OLLF as a 501 (c) 3 entity
allows the Library and its programs to apply for grants from groups who make grants only to non-profit
organizations with 501 (c) 3 status.
With the existence of the OLLF, the Library has been able to open a bank account in the US to receive money
from grants, dollar checks, and donations from donors or grantees who wish to have donated to an
organization with 501 (c) 3 status. Donors to the Foundation can receive a letter officially noting their donation
to a 501 (c) 3 organization. Opening a US bank account was made possible by a donation from Kathryn
Bertelli, with no Library funds used.
Other Donations: The Library and its programs, such as
the Spanish Language Collection and Libros Para Pueblos, can continue to receive donations directly as has been
done in the past, without using the OLLF. These peso donations may also be IRS tax deductible due to
provisions of the NAFTA Treaty.
When to Use OLLF: Use of the OLLF should be considered
in the following circumstances:
*The donor or grantee wants documentation of having given to a 501 (c) 3 organization.
The donation
is to be made with a check made out in US
dollars.
* All checks should be made payable to the OLLF.
* Drop off the check at the Library.
* Direct deposits or money transfers can be made. Contact the OLLF
Secretary (library@oaxlibrary.com)
for more information.
If the donation is to be made from the US, contact the Secretary as above for more
information.
OLLF Board:
The OLLF is governed by a Board whose current members are:
President: Thornton Robison
Treasurer: Shirley Gray
Secretary: David Myler
Member: Enid Dollard
Member: Chuck Ryan
Member: Kathryn Bertelli
Member: Jason Hackler
Member: Barry
Scheinberg