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Address any reply to: P.0.Box 632,Atlanta,Georgia 30301 <br /> D R[ ey fflD@ v u), <br /> Pv <br /> DD 6�Z PW W (MoD@f l? <br /> Internal Revenue Service <br /> Date: In nWY raft,to: <br /> _NOV 12 1976 �/F7o 7201:cD8:3oblo <br /> The Art School <br /> 150 E. Main Street <br /> Carrborot N. C. 27510 <br /> Gentlemen: <br /> Based on information supplied, and assuming your operations will <br /> be as stated in your application for recognition of exemption, we <br /> have determined you are exempt from Federal income tax under section <br /> 501(c)(3) of the Internal Revenue Code. <br /> We have further determined you are not a private foundation within <br /> the meaning of section 509(a) of the Code, because you are an <br /> organization described in section]] h 1)(Al(ii) and 509(a)�l). <br /> You are not liable for social security (FICA) taxes unless you <br /> file a waiver of exemption certificate as provided in the Federal <br /> Insurance Contributions Act. You are not liable for the taxes imposed <br /> under the Federal Unemployment Tax Act (FUTA). <br /> Since you are not a private foundation, you are not subject to <br /> the excise taxes under Chapter 42 of the Code. However, you are not <br /> automatically exempt from other Federal excise taxes. If you have any <br /> questions about excise, employment, or other Federal taxes, please <br /> let us know. <br /> Donors may deduct contributions to you as provided in section <br /> 170 of the Code. Bequests, legacies, devises, transfers, or gifts to <br /> you or for your use are deductible for Federal estate and gift tax <br /> purposes if they meet the applicable provisions of sections 2055, <br /> 2106, and 2522 of the Code. <br /> If your purposes, character, or method of operation is changed, <br /> please let us know so we can consider the effect of the change on <br /> your exempt status. Also, you should inform us of all changes in your <br /> name or address. <br /> (Oven Form L-178(Rev.8­73) <br />