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URL:  http://boards.fool.com/501c7-income-questions-30082253.aspx

Subject:  501(c)(7) income questions Date:  6/6/2012  9:34 AM
Author:  2gifts Number:  116224 of 123001

I'm Treasurer of a Quilt Guild which qualifies as a 501(c)(7) Social Club, and have a couple of questions.

Someone has suggested that the Guild sponsor a booth at one of the local fairs where members can choose to sell some of the things they have made, and donate some portion of the proceeds to the Guild. This seems allowable to me after reading Publication 557 since this would be income coming from the members and related to what we do. Does anyone see a problem with this that I'm not seeing?

We just donated 104 quilts to the local veteran's shelter, and someone who sa