Press Release from the Brony Thank You Commercial Project. In short serious business of forming a federally tax exempt organization (for those pondering the legality of this), and then any money from that point since the project is just about funded will go towards a charity. Script will be approved by The Hub. Full press release after the page break.
– Ad is almost funded, Thank You Project about to transition to general charitable fundraising.
– Project incorporates as NH Non-Profit, “The Brony Thank You Fund, Incorporated”
– Initial board meeting and election of board of directors has occured
First, a quick update. We are now around $300 net (around $350 in donations) away from fully funding the advertisement and the costs associated with printing and distributing the posters (to be created by PixelKitties) that are owed to donors who chose that perk. Once that goal is met (sometime tomorrow, most likely), we will transition to general fundraising to be used for charitable purposes only, and to establish the newly created fund as a federally tax exempt organization. In other words, even people who object to the advertisement will be able to give without reservations, because any money raised at that point will go strictly to charitable purposes.
We are still waiting for script approval from the Hub, as soon as that is received we will open up the video submission process, more details to follow on that. We will also be, later in the summer, looking for a composer to create the backing music for the ad, they will have the chance to work with William Anderson on the production of the track.
On Wednesday, May 9th, the incorporators of The Brony Thank You Fund, Incorporated met for an initial organizational meeting. The incorporators adopted the bylaws of the corporation, and appointed the following persons to a one year term as members of the board of directors of the corporation:
James “Coder” Turner – Chairperson of the Board and Recording Secretary
Monica “PixelKitties” Carlino
The board moved to appoint the following officers of the corporation:
James Turner – President
Andrew Sheingold – Interim Vice-President
The board moved to delegate the responsibilities of treasurer and secretary to the office of the president until such time as they desired to appoint such officers.
A motion was adopted to authorize the president to establish bank accounts in the name of the corporation, and to spend such funds as had already been collected, and any funds collected between this and the next meeting of the board, for the following purposes:
1) To fund the production and airing of a series of commercial on The Hub network.
2) To establish the corporation as a federally recognized 501(c)(3) charitable entity.
3) To deliver donations to charitable organizations.
It was the sense of the board that no funds should be expended toward pursuing federal tax-exempt status until at least $1,000 had been passed on to other charities.