Alamo Heights Rotarians, city disagree on reason behind event move
written by Peter DeWitt , March 16, 2010
written by JAK44 , March 07, 2010
I went to the link Common Sense put up and I think you need to read it also.
The City of Olmos Park does NOT control the foundation. It is run by citizens from Olmos Park with the money only to be spent within Olmos Park. The foundation coordinates with the City on what projects should be done which makes sense to me.
The City may have needs that the residents are fully aware of. If the police needed special equipment this would be a way for the City to obtain it but also give the contributor a tax deduction. It sure beats a tax increase.
To quote the newsletter.
"A group of local residents has organized the Olmos Park Foundation. Application was filed under Section 501(c)(3) of the Internal Revenue Code making contributions tax deductible.
Olmos Park Foundation will make distributions directly for the benefit of and in coordination with the City of Olmos Park. The City of Olmos Park will be the recipient and beneficiary of all funds received and expenses by Olmos Park Foundation and will be consulted on all expenditures."
written by Resident09 , March 07, 2010
written by Common Sense , March 06, 2010
Yes, it is VERY legal for cities to establish foundations and this has been a growing trend that benefits both cities and the benefactors.
All contributions are completely tax deductible. This is why so many school districts have adopted the idea as well as some state agencies.
A classic example is right in our own back yard - Olmos Park. Check page 3 of the Nov 09 Olmos Park City newsletter where they explain it. All donations are fully kept within the city limits of Olmos Park.
http://www.olmospark.org/Happenings/gazettes/issues/09Winter.pdf
written by Peter DeWitt , March 06, 2010
1. The official name for Rotary party the last few years is "Night in 09" so I imagine a new group could use the Alamo Height Night name or some close variation.
2. A permit is being taken out tomorrow by the Optimist Club for that same time in Fiesta this year.
3. I would prefer it to be run by a local group like CAAH to benifit the city and city charities.
written by Resident09 , March 06, 2010
written by funnylady , March 06, 2010



