Thursday, November 25, 2010

Developers of Ground Zero Mosque and Community Center Seek Government Funding, Plan to Apply for Federal Income Tax Exemption


The New York Times reports that the directors of the planned community center and mosque close to the site of the 9/11 terrorist attacks have applied for approximately $5 million in grants from the Lower Manhattan Development Corporation (“LMDC”).  The funds would be disbursed from a pool of $2 billion in federal financing that the LMDC administers.  Park51, as the center is called, applied for financing for numerous purposes, including purchasing equipment, leasing or purchasing the building, obtaining art exhibitions, counseling victims of domestic abuse, assisting new immigrants and small-business owners, and training and counseling homeless veterans. Competing for LMDC funding are 255 groups.  The New York Daily news additionally reports that Park 51 would not use the grant money to build the mosque, and that Park 51 “plans to apply for federal tax-exempt status as a not-for-profit corporation.”


JRB

http://lawprofessors.typepad.com/nonprofit/2010/11/developers-of-ground-zero-mosque-and-community-center-seek-government-funding-plan-to-apply-for-fede.html

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