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DocuSign Envelope ID: ED5F0D80-E787-4882-9C8B-6E2C980000A7 <br /> Address any reply to: P.0. Box 632,Atlanta, Georgia 30301 <br /> s <br /> DeparaiUDWEra © VP08DitialPT <br /> DB t�P�c�4 DrIG' geg7 <br /> Internal Revenue Service <br /> oaten In reply refer to: <br /> .Noy 12 1976 E0 201:CDB:3'0610 <br /> D, The Art School <br /> 150 E. Main Street <br /> Carrboro, 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 1L5�Ag.(a.1�.end. 509(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 /> automatically exempt .f,rom 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 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 ,exernpt status. Also, you should inform us of all changes in your <br /> name or address. <br /> (Over) Form 1.-17A2(Rev.8-73) <br />