The Foundation for Monetary Studies Inc was incorporated in the City of Wilmington, County of New Castle, in the State of Delaware on April 24, 2019 as a non-stock company.
It was incorporated with the purpose of making grants to other non-profits to conduct public education around monetary systems.
It is organised for purposes which are exclusively religious, charitable, scientific, literacy, and education within the meaning of section 501(c)(3) of the United States Internal Revenue Code of 1986 or the corresponding provision of any future United States Revenue law.
The Corporation does not have any capital stock and its membership is specified in its bylaws.
The Foundation for Monetary Studies, Inc. (“FMS”), is a non-profit corporation registered in the State of Delaware. It is currently in the process of applying for federal tax-exemption under Section 501(c)(3) of the Internal Revenue Code. In order for FMS to solicit tax-exempt donations while this application is still pending, the Modern Money Network, Ltd. (“MMN”) has agreed to serve as a fiscal sponsor, and to receive funds on FMS’s behalf. MMN is a non-profit corporation registered in the State of Delaware, and is a federal tax-exempt public charity under Section 501(c)(3) of the Internal Revenue Code. Donations made to MMN on behalf of FMS are not disclosed to the public.
Furthermore, all donations made to MMN on behalf of FMS will be used exclusively for FMS projects, and any unspent funds will be transferred to FMS at the conclusion of the fiscal sponsorship arrangement.
Professor William Mitchell
Dr Louisa Connors