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Thread: 501c3 and Aircraft Restoration and Flying

  1. #11
    FlyingRon's Avatar
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    Only thing worse than flying behind one geared lycoming is flying behind two geared lycomings.

  2. #12
    [QUOTE=Mayhemxpc;45083]Thanks, as you might be able to tell from the posts, the vast majority of my use is devoted towards displaying the airplane as a war memorial and educating the public. Most of my flying is proficiency and getting it to display locations. My thought with regard to 501c3 use would be to reimburse the foundation or whatever for the cost of flying the plane (for whatever flying was not in support of the public education aspect.) Good luck, Surely there is among the membership of the EAA, it couldn't be unusual for there to be a tax attorney or two out there who might know the answer!

  3. #13
    Mayhemxpc's Avatar
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    Apr 2012
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    Quote Originally Posted by martymayes View Post
    I think arod138 wants 501(c)(3) status as he is interested in raising money through tax deductible donations to finance a warbird restoration/flying hobby. 501(c)(7) contributions are not tax deductible and the donations would have to come primarily from the members convinced to join. The latter would work if one is interested in forming a flying club with the objective of restoring and flying a warbird. Of course, once the project is complete, everyone will want to participate in flying the plane -- actually that all sounds like it might work as long as you sign up members with fat wallets.
    That sounds right. The person I got the information from is starting an association that sounds very much like what you describe. The issue is doing something that would provide an educational benefit for the public, which, as I have learned previously, is 501c3.
    Chris Mayer
    N424AF
    www.o2cricket.com

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