Robert G. Greene, Objectives

Public Charities
501(c)(3) Tax Exempt 

1. To provide a climate for renewal of old friendships among members and airborne organizations and to strengthen the relationships with service personnel of today's military services.

2. To promote activities which provide for scholarship loans and/or grant funds for Junior Reserve Officer Training Corps (JROTC) Cadets desiring to enter airborne service, and/or high school graduates of merit seeking higher education, with a demonstrated need for assistance.

3. To plan activities which stimulate the camaraderie of airborne service members and association members through annual reunions.

4. To provide counseling and advice to young airborne personnel desiring to make military service a career.

5. To maintain and perpetuate the legacy of the 555th Parachute Infantry Battalion.

6. To address matters of social concern and engage in activities in furtherance of organizational objective.

7. To offer membership without regard to race, gender, creed, color, or political affiliation.

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501(c)(3) organizations fall into one of three primary categories: public charities, private foundations, and private operating foundations.  A public charity is generally defined by the IRS as “not a private foundation”. It receives a substantial portion of its revenue from the general public or from government. In order to remain a public charity (and not a private foundation), a 501(c)(3) must obtain at least 1/3 of its donated revenue from a fairly broad base of public support. Public support can be from individuals, companies and/or other public charities. Donations to public charities can be tax deductible to the individual donor up to 50% of the donor’s income.  Corporate limits are generally 10%. In addition, public charities must maintain a governing body that is mostly made up of unrelated individuals. Public charities are what most people recognize as those organizations with active programs. Examples include churches, benevolence organizations, animal welfare agencies, educational organizations, etc.