On Tue, 30 May 2006 20:35:40 GMT, Tom Francis
wrote:

I had a great experience this weekend involving some kids, wheelchairs
and parents.

To make a long story short, I've kind of half-baked this idea last
evening and mulled it over today and wondered if anybody has ever been
involved with setting up a charitable foundation.

Anybody?

I was involved with setting up a "not-for-profit" corporation once.
Although not a charitable foundation, I suspect some of the issues
with the IRS requirements are similar. The content and wording of the
bylaws are critical and I would strongly suggest working with an
experienced attorney to avoid/minimize future hassels with the IRS.
Anytime there is untaxed money floating around they seem to take a
strong interest. :-)