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WHAT EVERY IRISARIAN SHOULD
KNOW ABOUT THE
AMERICAN IRIS SOCIETY FOUNDATION
| 1.
Question: |
What are the purposes of AISF? |
| 2.
Question: |
Where does the money come from to
support the Foundation? |
| 3.
Question: |
Why is there a need for the
Foundation? Why couldn't the American Iris Society perform the same
functions? |
| 4.
Question: |
Who administers the affairs of the
Foundation? |
| 5.
Question: |
What assurances are there that the
affairs of AISF will be administered strictly in accordance with all legal
requirements and generally accepted principles of sound business
management? |
| 6.
Question: |
What is the immediate, specific plan
for the use of funds already received and now being received? |
| 7.
Question: |
What is the "$10,000 Club"? |
| 8.
Question: |
What are the chances that AISF and AIS
can eventually have a permanent home, with land, and perhaps even a
"Hall of Fame" to honor outstanding iris leaders and
personalities? |
| 9.
Question: |
How much and how often should I give? |
| 10.
Question: |
How do I contribute to the Foundation? |
Much has been written and said about the American Iris
Society Foundation (AISF), incorporated in August 1971 in the State of Missouri.
It was approved in November 1972 as an organization which is not a private
foundation, thereby making gifts or bequests tax-deductible on donors' income or
estate tax returns. In the belief that a completely informed public will be a
supporting public, we present here the questions most frequently arising, with
the answers, concerning the Foundation.
1. Question:
What are the purposes of AISF?
1. Answer: In general, they are
to foster, encourage, and sponsor scientific and educational research in the
improvement of the genus Iris and the stimulation of
widespread interest therein. They may include the doing of any and all things
necessary or incidental to the accomplishment of these aims. Examples are:
Publication of literature for the advancement of iris
breeding, culture, use, or study; financing research of a depth and scope
necessary to provide solutions to problems in prevention and control of diseases
and pests; recognition of outstanding productive service in iris study and
education; means and facilities for carrying forward approved programs in the
promotion of iris interest; and many others. Actually, the projects
that can be carried out are limited only by the resources available.
2. Question: Where
does the money come from to support the Foundation?
2. Answer: From donations, gifts,
contributions, or bequests by people who are
interested in Irises.
3. Question:
Why is there a need for the Foundation? Couldn't the American Iris
Society perform the same functions?
3. Answer: The Foundation does not operate under the same base
as the AIS. While both the Foundation and the AIS are tax exempt organizations
under 501(c)3, the AIS operates under a wide scope of activities while the goals
of the Foundation are more specific and restricted.
4. Question:
Who administers the affairs of the Foundation?
4. Answer: The Board of Trustees,
eleven in number, from whom normally are elected a President/Chairman, Vice-President,
Secretary/Treasurer. Since the make-up of this Board and the officers may change from time to time, a listing
will be furnished upon request. (See the address below.)
5. Question:
What assurances are there that the affairs of AISF will be administered
strictly in accordance with all legal requirements and generally accepted
principles of sound business management?
5. Answer: Primarily, a bonded Secretary/Treasurer is
the only person who will handle money. Secondly, the Internal Revenue
Service is extremely watchful to assure that all activities (income and
expenditures) conform with IRS regulations. Any change from IRS procedures
could result in immediate loss of tax exempt status. Finally, the Board of Trustees is
composed of members whose sound business judgment and dedication to iris
betterment has been proven by past performance and any replacement to the Board
must be of the same caliber.
6. Question:
What is the immediate, specific plan for the use of funds already
received and now being received?
6. Answer: This
question relates to the formation of the Foundation in 1971, whose initial
project was to assist the AIS in publishing a revision of Garden Irises (published
in 1979 as The World of Irises). When an adequate monetary reserve
had been achieved, consideration was given to the establishment of educational
scholarships, research grants, publication of other needed treatises or studies,
and similar programs such as up-dated color classification. Additional information
on Foundation projects may be found under Projects.
7. Question:
What is the "$10,000 Club"?
7. Answer: This is an organized
effort to stimulate donations to the Foundation, a campaign designed to increase
quickly the funds available to AISF. This is in compliance with a requirement of
the Internal Revenue Service that general drives for supporting funds must be
made regularly if the Foundation is to retain its tax deductible status.
The "$10,000 Club" is especially attractive because charter members
will be recognized by name in the AIS BULLETIN and by a membership card.
8. Question:
What are the chances that AISF and AIS can eventually have a permanent home,
with land, and perhaps even a "Hall of Fame" to honor outstanding iris
leaders and personalities?
8. Answer: Any answer to this
question will, of course, express only an opinion. However, we know of several
similar organizations to whom bequests of gifts of buildings and land have been
made by friends and supporters. As AISF becomes soundly established and
demonstrates its worth conclusively, it is reasonable to believe that the same
thing could happen to us. Once we have our own home, the "Hall of Fame" would
be easy to accomplish.
9. Question:
How much and how often should I contribute?
9. Answer: Obviously, the number
of projects the Foundation will be able to fund is in direct proportion to the
generosity and frequency of the gifts. We do not want any individual to
feel embarrassed by what might seem to be a small contribution. The amount
of your gift will not be made public in any manner. One fact should not be
overlooked. Your donation is tax deductible under 501(c)3 and the larger
the donation, the greater tax benefit you receive. We hope you will add
the Foundation to the list of organizations you honor and support with your contributions.
10. Question:
How do I contribute to the Foundation?
10. Answer: Mail your gift to:
The American Iris Society
Foundation
Roger P. Mazur Sec./Treas.
815 South 67th Ave.
Omaha, NE 68106-1115
AIS
Foundation Home Page |

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