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DocuSign Envelope ID:220566FB-947D-468C-B639-17D506BDD642 <br /> Addr4*9 aRY reply W. P. 0. Box 632,Atlanta, Georgia 30301 <br /> Internal Revenue Service <br /> Date: I In reply refer to: <br /> �.N9t!7 2 1976 P/kXl 7201:CDB;30610 <br /> a The Axt School <br /> 150 E. Main Street <br /> Garrborof 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) (5) 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 lQ; , )(ii). and c09(a)(1). <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 /> automatioally 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 /> jDonors may deduot 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, ycu should inform us of all changes in your <br /> name or address, <br /> (over) Form t_-178(Rev,8-73) <br />