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Educational foundation loses exemption for inactivity

Educational foundation loses exemption for inactivity

Educational foundation loses exemption for inactivity

A nonprofit organization formed to provide conservative research and education on public policy issues of particular impact on minorities has lost its charitable exempt status because of inactivity. The Tax Court has affirmed the revocation of 501(c)(3) status by the IRS. The ABF Educational Foundation, Inc. was incorporated in 2001 and has operated under several other names, most recently the Community Education Foundation. Its sole officer, director and representative is D. Dante Anthony Hayes. When the Foundation filed for recognition of exemption, it told the IRS it had an ambitious educational program. It said it would hold a minimum of 20 town hall meetings on university campuses each...

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