Housing collections (was: other Utah collectors?)

[William Donzelli]

> Additionally, it may be helpful to form a 501(c)3 as the entity
> through which you manage your collection if you're going to go to the
> whole trouble of purchasing land or creating structures to house it.
> That changes the tax situation dramatically and suddenly you can apply
> for grants from places like the Bill & Melinda Gates Foundation for
> historic preservation funds :-).

The tax situation also changes drastically with the IRS men at your
door. Turning a personal collection into an 501c3 is just begging for an
audit.

William Donzelli
aw288 at osfn.org