Michael Best & Friedrich, BPAA's legal counsel, anticipates the BPAA Crisis Assistance Foundation will be approved, and donor contributions will be deductible back to the date of incorporation, May 14, 2024; however, as of July 1, the IRS has not processed Form 1023. In the unlikely event the IRS rejects the formation of the foundation, all contributions will be returned to contributors.
The BPAA Crisis Assistance Foundation, Inc., is a 501(c) (3) established and operated to provide disaster assistance to bowling proprietors who have been affected by natural disasters or other emergency hardship situations and who demonstrate a financial need. The Corporation aims to combat community deterioration by helping small businesses recover and contribute to the local economy, and to lessen the burden on governmental resources to provide aid in times of crisis. Further, the Corporation will engage in any and all activities incidental, useful or necessary to accomplish its purpose.