September 1995 AAOS Report

Proposal to change tax status reviewed by board

The Board of Directors heard a lengthy presentation on the issue of changing the Academy's current tax status, 501©(3) to 501©(6). The presentation included an analysis of current lobbying expenses; the annual costs increase incurred by a change in tax status; the legal aspects of the proposed change; and a re-discussion of the reasons for the change such as more flexibility regarding socioeconomic issues. In February, the board voted to remain a 501©(3) organization, but authorized the staff to be prepared to file immediately any necessary papers for a conversion, if it became necessary. The board elected to maintain the current position of the Academy, but to continue to closely monitor any and all aspects influencing the tax status of the Academy.


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