Some Answered Questions - Trust vs Foundation

Ray and I just got back from a long visit with our “coordinator.”  He’s the puppet master.  He is the guy who puts all the pieces of the puzzle together…. Our life insurance, our lawyer connections… all the parts that will take care of Alexander if we are not here to do it.  Let’s just make it clear that none of you are in our will (sorry followers) but we will continue to have a great relationship with our kids. Ha ha! There were a million questions I needed answered because of the outpouring of love and support we have received, and the first question involved a tax ID number.  I’ve gotten many e-mails asking about this for business/matching purposes.  Here is the deal:

A Foundation is a non-profit organization that is set up for a purpose – usually a “cause.”  We currently support many foundations – like The Drew Michael Taylor Foundation or Make a Wish Foundation.  They raise money for a cause and this money is not taxable because it is a non-profit.  We are not creating a foundation because we are not supporting a “cause”…. We are supporting a person.

We have a Trust. Essentially we are creating a 4^th child.  Our 4^th child will be the “Mowery Family Trust” and have a social security number… but is not non-profit.  Our 4^th child will support our 3^rd child.  The Trust is designed to support Alexander after Ray and I have passed.  However, the Trust has been established now (not upon our deaths) so that people can help with Alexander’s special needs if one arises.  *For example…. The need for a seizure dog*   There may also be equipment or special things our insurance doesn’t cover that could benefit Alexander.   Alexander’s development is so slow – we believe it will be beneficial for us to have a trust to save for a rainy day instead of buying a gift just to say we bought a gift. 

So – the point of this is.. when you donate anything – funds, services, etc. – you are donating to “Alexander.”  You are not donating to a foundation or a charity. Alexander’s trust will have to file taxes and claim interest on any income – just as a person does.  So it is not tax deductible. 

However, it is greatly appreciated.  Your support, through love, prayer, donation, comments, ANY SUPPORT – is appreciated.

I hope this helps to clear up some of the questions.  I think our next big event is going to be a silent auction as I have had many generous friends offer goods or services.  If you have something that you would awesomely like to share – contact me.  We can auction off a good or service (even if you live in another state – we can use this blog and Facebook to do tons of promotions and exposure for your AWESOMENES.  Hopefully – Both your business or creativity and Alexander will benefit from he silent auction!

Here’s a sneak preview of some things you might have a chance to win by auction!

This photographer is from NY

But you knew I had to pick the picture with twins.... right?

Other friends - I'm going to be calling you ©
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