HOLTZMANVOGEL PLLC Attonzeys at Law 98 Alexandna Pike Suite 53 Warrenton, VA 20186 p/540-341 -8808 17540-341 -8809 March 18, 2008 Internal Revenue Service 201 West Rivercenter Blvd. Attn: Extracting Stop 312 Covington, KY 41011 To Whom It May Concern: I am one of the attorneys authorized to represent American Future Fund (EIN 26- 0620554) in connection with its Form 1024 application and am listed on the Form 2848 submitted with that application. Enclosed, please find the forms 1024- Application for Recognition of Exemption, 2848- Power of Attorney and Declaration of Representative, and 8718- User Fee for Exempt Organization Determination Letter Request with all necessary attachments. Should you have any questions, please do not hesitate contact me, or one of the other attorneys listed on form 2848. Thank you for your assistance in this matter. Sincerely, Karen Blackistone 871 6 (Rev. August 2005 Department of the Treasury lntemal Revenue Service User Fee for Exempt Organization Determination Letter Request Attach this form to determination letter application. (Form 8718 is NOT a determination letter application.) OMB No. 1545-1798 or '95 Control number Use . oniy Amount paid User fee screerier 1 Name of organization American Future Fund 2 Employer identification Number 26 0620554 Caution: Do not attach Form 8718 to an application for a pension plan determination letter Use Form 8717 instead. 3 Type of request Fee a El initial request for a determination letter for: 0 An exempt organization that has had annual gross receipts averaging not more than $10,000 during the preceding 4 years, or 0 A new organization that anticipates gross receipts averaging not more than $10,000 during its first 4 years $150 Note: if you checked box 3a, you must complete the Certification below. Certification I certify that the annual gross receipts of name of organization have averaged (or are expected to average) not more than $10,000 during the preceding 4 (or the first 4) years of operation. Signature Title initial request for a determination letter for: 0 An exempt organization that has had annual gross receipts averaging more than $10,000 during the preceding 4 years or A new organization that anticipates gross receipts averaging more than $10,000 during its first 4 years . $500 Group exemption letters . . . . . . . . . $500 Instructions Where To File You are not required to provide the The law requires payment of a user fee with each application for a determination letter. The user fees are listed on tine 3 above. For more information, see Rev. Proc. 2005-8, 2005-1, 243, or latest annual update. Check the box or boxes on line 3 for the type of application you are submitting. it you check box 3a, you must complete and sign the certification statement that appears under line 3a. Attach to Form 8718 a check or money order payable to the "United States Treasury" for the full amount of the user fee. if you do not include the fult amount, your appiication will be returned. Attach Form 8718 to your determination letter application. Generally, the user fee will be refunded only if the Internal Revenue Service deciles 1' HOLTZMAN VOGEL LLC 93 ALEXANDRIA PIKE STE 53 WARRENTON, VA 20186 WACHOVIAT Wachovia Bank, NA. Attach Check or Money Order Here I10 5 3000 LEN: Send the determination letter application and Form 8718 to: internal Revenue Service P.O. Box 192 Covington, KY 41012-0192 If you are using express mail or a delivery service, send the application and Form 8718 to: internal Revenue Service 201 West Rivercenter Blvd. Attn: Extracting Stop 312 Covington, KY 41011 Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the United States. If you want your organization to be recognized as tax-exempt by the IRS, you are required to give us this information. We need it to determine whether the organization meets the legal requirements for ta --exmt statu COMMAND Ass:-:1" PROGRAM cooa[::] information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue iaw. The rules governing the confidentiality of Form 8718 are covered in section 6104. The time needed to complete and file this form wiil vary depending on individual circumstances. The estimated average time is 5 minutes. if you have comments concerning the accuracy of this time estimate or suggestions for making this form simpler, we would be happy to hear from you. You can write to the Internal Revenue Service, Tax Products Coordinating Committee, 1111 Constitution Ave. NW, IR-6406, Washington, DC 20224. Do not send this form to this address. above. ._:1666 $of Ulrii'+arl fitfiea --vi 750.00 Ejflm Date Sacurlly i (.311 Furlcl M- 48718 (Rev. 3-2005) Fm Power of Attorney ova No, 1545-0150 2004, and Declaration of Representative Department of the Treasury Recewed by: Internal Revenue Service Type or print. See the separate instructions. Name Power of Attorney Telephone Caution: Form 2848 will not be honored for any purpose other than representation before the IRS. Function 1 Taxpayer information. Taxpayer(s) must sign and date this form on page 2, ilne 9. Date Taxpayer name(s) and address American Future Fund PO Box 13434 Des Moines, IA 50310 Employer identification Social security numberls) i i number 26 3 0620554 Plan number (if applicable) Daytime telephone number hereby appoint(s) the following representative(s) as 2 Representative(s) must sign and date this form on page 2, Part ll. Name and address CAF Jill Holtzman Vogel Telephone No. 98 Alexandria Pike, Ste 53 Fax No Warrenton, VA 20186 Check it new: Address Telephone No. Fax No. El Name and address No. Karen Blackistone Telephone No. -. 98 Alexandria Pike, Ste 53 Fax No 540 341 8809 Warrenton, VA 20186 Name and address No Jason Torchinsky Telephone No. 98 Alexandria Pike, Ste 53 Fax No _3f4_1_ Warrenton, VA 20186 Check if new: Address Cl Teiephone No. Fax No. to represent the taxpayer(s) before the Internal Revenue Service for the following tax matters: 3 Tax matters Type of Tax (Income, Employment, Excise, etc.) Tax Form Number Year(s) or Period(s) or Civil Penalty (see the instructions for line 3) (1040, 941, 720, etc.) (see the instructions for line 3) income Tax 990 2007, 2008, 2009 Tax Determination 1024 2008 4 5 Specific use not recorded on Centralized Authorization File (CAF). if the power of attorney is for a specific use not recorded on CAF, check this box. See the instructions for Line 4. Specific uses not recorded on CAFActs authorized. The representatives are authorized to receive and inspect confidentiai tax information and to perform any and all acts that (we) can perform with respect to the tax matters described on line 3, for example, the authority to sign any agreements, consents, or other documents. The authority does not include the power to receive refund checks (see line 6 below), the power to substitute another representative, the power to sign certain returns, or the power to execute a request for disclosure of tax returns or return information to a third party. See the line 5 instructions for more information. Exceptions. An unenrolled return preparer cannot sign any document for a taxpayer and may only represent taxpayers in limited situations. See Unenrolied Return Preparer on page 2 of the instructions. An enroiled actuary may only represent taxpayers to the extent provided in section 10.3(d) of Circular 230. See the line 5 instructions for restrictions on tax matters partners. List any specific additions or deietions to the acts otherwise authorized in this power of attorney: For Privacy Act and Paperwork Reduction Notice, see page 4 of the instructions. Receipt of refund checks. If you want to authorize a representative named on line 2 to receive, BUT NOT TO ENDORSE OR CASH, refund checks, initial here and list the name of that representative below. Name of representative to receive refund check(s) Cat. No. 11980.] Form 2848 (Rev. 3-2004) Form 2343 (Rev. 3-2004) Page 2 7 Notices and communications. Original notices and other written communications will be sent to you and a copy to the first representative listed on line 2. a It you also want the second representative listed to receive a copy of notices and communications. check this box . . If you do not want any notices or communications sent to your representativejsj. check this box . . . . . . . 8 Retention/revocation of prior power(s) of attomey. The filing of this power of attorney automatically revokes all earlier power(s) of attorney on tile with the Internal Revenue Service for the same tax matters and years or periods covered by this document. If you do not want to revoke a prior power of attorney. check hereYOU MUST ATTACH A COPY OF ANY POWER OF ATTORNEY YOU WANT TO REMAIN IN EFFECT. 9 Signature of taxpayer-is). If a tax matter concerns a joint return, both husband and wife must sign if joint representation is requested, otherwise. see the instructions. it signed by a corporate officer. partner. guardian, tax matters partner. executor. receiver, administrator, or trustee on behalf of the taxpayer. I certify that I have the authority to execute this form on behalf of the taxpayer. IF NOT IGNED AND DATED, THIS POWER OF ATTORNEY WILL BE RETURNED. Date Title (if applicable) .. PIN Number Print name of taxpayer from line 1 if other than individual .. Print Name PIN Number Part Declaration of Representative Caution: Students with a special order to represent taxpayers in Qualified Low income Taxpayer Clinics or the Student Tax Clinic Program. see the instructions for Part ii. Under penalties of perjury, I declare that: i am not currently under suspension or disbarment from practice before the internal Revenue Service; 0 I am aware of regulations contained in Treasury Department Circular No. 230 (31 CFR. Part to). as amended. concerning the practice of attorneys, certified public accountants. enrolled agents. enrolled actuaries. and others; a I am authorized to represent the taxpayeris) identified in Part I for the tax mattertsi specified therethe following: a Attorney--a member in good standing of the bar of the highest court of the jurisdiction shown below. Certified Public Accountant--du|y qualified to practice as a certified public accountant in the jurisdiction shown below. Enrolled as an agent under the requirements of Treasury Department Circular No. 230. Ol'ficer--a bona fide officer of the taxpayer's organization. Full--Time full-time employee oi the taxpayer. Family Member-a member of the taxpayer's immediate family spouse. parent. child, brother. or sister). 9 Enrolled as an actuary by the Joint Board for the Enroilment of Actuaries under 29 U.S.C. 1242 (the authority to practice before the Service is limited by section 10.3(d) of Treasury Department Circular No. 230). Return Preparer--the authority to practice before the lntemal Revenue Service is limited by Treasury Department Circular No. 230. section You must have prepared the retum in question and the return must be under examination by the See Unenrolled Fletum Preparer on page 2 of the instructions. IF THIS DECLARATION OF REPRESENTATIVE IS NOT SIGNED AND DATED, THE POWER OF ATTORNEY WILL BE RETURNED. See the Part ll instructions. Jurisdiction (state) or above letter identification a VA ltfiy?k/xo a.ls--oa* 57/9/08 Fomt Q8118 (Rev. 3-2004) Signature Date Fm 1024 Application for Recognition of Exemption ova ~o woos: (Rev. September 1993) Under SCCIIOH 501 (8) Hump' mum 'Wm Department ol the Treasury this appiicatiut will be open- Internal Revenue Service WNW Read the instructions for each Part carefully. A User Fee must be attached to this application. if the required information and appropriate documents are not submitted along with Form 8718 {with payment of the appropriate user fee). the application may be returned to the organization. Complete the Procedural Checklist on page 6 of the instructions. Part I. Identification of Applicant (Must be completed by all applicants; also complete appropriate schedule.) Submit only the so edule that applies to your organization. 00 not submit blank schedules. Check the appropriate box below to indicate the section under which the organization is applying: a Section 501 holding corporations (Schedule A. page T) E) Section leagues. social welfare organizations Gncluding certain war veterans' organizations). or local associations of employees (Schedule B. page B) Section agricultural, or horticultural organizations (Schedule C. page 9) Section leagues. chambers of commerce. etc. [Schedule C. page 9) [3 Section clubs (Schedule page 11) Section beneficiary societies. etc., providing iile. sick, accident. or other benefits to members (Schedule E, page 13) Cl Section employees' beneficiary associations (Parts I through IV and Schedule F. page 14) Section fraternal societies. orders. etc., not providing life, sick. accident. or other benefits (Schedule E. page 13) i Section life insurance associations. mutual ditch or irrigation companies. mutual or cooperative telephone companies. or like organizations (Schedule G, page 15) Section cremaroria. and like corporations (Schedule H. page 16) Section insurance companies or associations. other than life or marine (Schedule l. page '17) I El Section providing for the payment or supplemental unemployment compensation benefits (Pans I through IV and Schedule J. page 18) in Cl Section post. organization. auxiliary unit. etc.. of past or present members of the Armed Forces of the United States (Schedule K. page 19) Cl Section 501 holding corporations or trusts (Schedule A. page 7) 1a Full name of organization (as shown in organizing document) 2 Employer identification number IEIN) fit none. see Specific Instr-uctions on page 2) American Future Fund 26 5 0620554 lb clo Name (if applicable) 3 Name and telephone number of person to be contacted if additional intorrnation is needed Address (number and street) Roomlsuite PO Box 13434 Jason Torchinsky City. town or post office. state. and ZIP 4 If you have a foreign address. see Specific Instructions for Pan I. page 2. Des Moines. IA 50310 540 341 8808 'le web site address 4 Month the annual accounting period ends 5 Date incorporated or formed December BFHZUOT 5 Did the organization previously apply for recognition of exemption under this Code section or under any other section of the Code? 795 No If "Yes," attach an explanation. Yes [21 No 1 Has the organization filed Federal income tax returns or exempt organization information returns? If "Yes." state the form numbers. years filed. and lntemal Revenue office where filed. 8 Check the box for the type of organization. ATTACH A CONFORMED COPY OF THE CORRESPONDING DOCUMENTS TO THE APPLICATION BEFORE MAILING. l;Zl Corporation-- Attach a copy of the Articles of Incorporation finclucling amendments and restatements) showing approval by the appropriate state official; also attach a copy of the bylaws. Attach a copy ol the Trust lndenture or Agreement. including all appropriate signatures and dates. 6 Association-+ Attach a copy ol the Articles of Association, Constitution. or other creating document. with a declaration (see instructions) or other evidence that the organization was formed by adoption of the document by more than one person. Also include a copy or the bylaws. If this is a corporation or an unincorporated association that has not yet adopted bylaws. check here . . . . . El tires of jury that am authorized to sign this application on behalf of the above organization. and that I have examined (Type or print name and title or am (Date) For Paperwork Reduction Act Notice. see pa 5 of the instructions. cat. Ma_ 12343)-< ompa ying schegules and attachments. nd to the best of knowledge it is true. correct. and complete . .111. no of signer) Form 1024 (Rev. 9-98) Page 2 Part II. Activities and Operational Information (Must be completed by all applicants) 1 Provide a detailed narrative description of all the activities of the organization>>-past, present. and planned. Do not merely refer to or repeat the language in the organizational document. List each activity separately in the order of importance based on the relative time and other resources devoted to the activity. indicate the percentage of time for each activity. Each description should include. as a minimum, the following: a detailed description of the activity including its purpose and how each activity furthers your exempt purpose; when the activity was or will be initiated; and where and by whom the activity will be conducted. EDUCATE THE PUBLIC 70% The organization plans to educate the public on policy issues and decisions that affect the American public. Starting in August 2007- through 2007 and beyond Consultants will be engaged to assist with this activity. ACTIVITY T0 INFLUENCE LEGISLATION 30% The organization plans to engage in activity to influence legislation through grassroots advocacy promoting state and local legislative and executive branch initiatives in support of its mission at the state and federal level. Starting in August 2007- through 2007 and beyond Consultants will be engaged to assist with this activity. 2 List the organizations present and future sources of financial support, beginning with the largest source first. Corporations, associations, organizations and individuals who support the mission and purpose of this organization may provide financial support. Form 1024 (Rev. 9-98) Page 3 Part II. Activities and Operational Information (continued) 3 a Names, addresses, and titles of officers, directors, trustees, etc. Give the following information about the organizations governing body: Annual compensation Nicole Schlinger None* PO Box 257, 700 E. Pleasant Street, Brooklyn, IA 52211 *Nicole Schlinger is not compensated for her services as a director. Her fundraising and telemarketing firm may be contracted to provide services to the organization at market rates. if the organization is the outgrowth or continuation of any form of predecessor. state the name of each predecessor, the period during which it was in existence, and the reasons for its termination. Submit copies of all papers by which any transfer of assets was effected. NIA if the applicant organization is now, or plans to be, connected in any way with any other organization. describe the other organization and explain the relationship financial support on a continuing basis: shared facilities or employees: same officers, directors, or trustees). If the organization has capitai stock issued and outstanding, state: (1) class or classes of the stock; (2) number and par value of the shares; (31 consideration for which they were issued; and (4) if any dividends have been paid or whether your organization's creating in- strument authorizes dividend payments on any class of capital stock. NIA State the qualifications necessary for membership in the organization; the classes of membership (with the number of members in each class): and the voting rights and privileges received. If any group or class of persons is required tojoin, describe the requirement and explain the reiationship between those members and members who join voluntarily. Submit copies of any membership solicitation material. Attach sample copies of ail types of membership certificates issued. The corporation has no members. Explain how your organization's assets will be distributed on dissolution. Upon dissolution of the corporation or the winding up of its affairs, the assets of the Corporation shall be distributed to another organization operated exclusively for charitable purposes or for social welfare purposes as described in section 501(c)(4). Form 1024 (Rev. 9-98) page 4 Part ll. Activities and Operational Information (continued) 9 Has the organization made or does it plan to make any distribution of its property or surplus funds to shareholders or If "Yes." State the full details. including: (1) amounts or value; (2) source of funds or property distributed or to be distributed; and (3) basis of, and authority for, distribution or planned distribution. 10 Does. or will, any part of your organization's receipts represent payments for services performed or to be performed?, [3 Yes No if "Yes." state in detail the amount received and the character of the services performed or to be performed. 11 Has the organization made. or does it plan to make, any payments to members or shareholders for services performed ljYesNo If "Yes." state in detail the amount paid. the character of the services. and to whom the payments have been, or will be. made. 12 Does the organization have any arrangement to provide insurance for members. their dependents. or others (including El Yes No provisions for the payment of sick or death benefits. pensions, or annuities"Yes," describe and explain the arrangement's eligibility rules and attach a sample copy of each plan document and each type of policy issued. 13 Is the organization under the supervisory jurisdiction of any public regulatory body, such as a social welfare agency. if "Yes," submit copies of all administrative opinions or court decisions regarding this supervision. as well as copies of applications or requests for the opinions or decisions. 14 Does the organization now lease or does it plan to lease any property"Yes," explain in detail. Include the amount of rent. a description of the property. and any relationship between the applicant organization and the other party. Also, attach a copy of any rental or lease agreement. (if the organization is a party, as a lessor, to multiple leases of rental real property under similar lease agreements. please attach a single representative copy of the leases.) 15 Has the organization spent or does it plan to spend any money attempting to influence the selection, nomination, election. or appointment of any person to any Federal. state. or local public office or to an office in a political organization?. . El Yes No If "Yes," explain in detail and list the amounts spent or to be spent in each case. 16 Does the organization publish pamphlets, brochures. newsletters. journals. or similar printed material"Yes," attach a recent copy of each. Form 1024 (Rev. 9-98) Part Financial Data (Must be completed by all applicants) Complete the financial statements for the current year and for each of the 3 years immediately before it. if in existence less than 4 years, complete the statements for each year in existence. if in existence less than 1 year, also provide proposed budgets for the 2 years following the current year. A. Statement of Revenue and Expenses Page 5 Current Tax Year 3 Prior Tax Years or Proposed Budget for Next 2 Years Revenue From To 12/03 (cl .--..Z91Q..-. la; Total 1 Gross dues and assessments of members 5:000:00" 5-0092000 5:090:09') 15300-900 2 Gross contributions, gifts, etc. 3 Gross amounts derived from activities related to the organization's exempt purpose (attach schedule) (Include related cost of sales on line 9.) Gross amounts from unrelated business activities (attach schedule) Gain from sale of assets. excluding inventory items (attach scheduleInvestment income (see page 3 of the instructions) 7 Other revenue (attach schedule). 3 Total revenue (add lines 1 through 7) 5.0004300 5300.900 Expenses 9 Expenses attributable to activities related to the organizatiofls exempt purpO5eS_ 5,000,000 5,000,000 5,000,000 15,000,000 10 Expenses attributable to unrelated business activities 11 Contributions. gifts, grants, and similar amounts paid (attach scheduleDisbursements to or for the benefit of members (attach schedule) 13 Compensation of olficers, directors, and trustees (attach schedule) 14 Other salaries and wages. 15 Interest . l6 Occupancy . . . . . 17 Depreciation and depletio 18 Other expenses (attach schedule) 19 Total expenses (add lines 9 through 18) 5v??0s0?0 5300-000 15r00?=0?0 20 Excess of revenue over expenses (line 8 minus linel9) 0 0 0 0 B. Balance Sheet (at the end of the period shown) Current Tax Year Assets as of .4 1 CashAccounts receivable. net . 2 3 4 Bonds and notes receivable (attach schedule) 4 5 Corporate stocks (attach schedule), 5 6 Mortgage loans (attach schedule) 5 1 Other investments (attach schedule) 7 8 Depreciable and depletable assets (attach schedule) 3 9 Land . . . . . . 9 10 Other assets (attach schedule) . 1? 11 Total assets . . . . . 11 0 Liabilities 12 Accounts payable . . . . . . . . 12 0 13 Contributions. gifts. grants. etc., payable . 13 14 Mortgages and notes payable (attach schedule) . 1' 15 Other liabilities (attach schedule) '5 15 Total liabilitiesFund Balances or Net Assets 17 Total fund balances or net assets . . . . . . . . . . . . . . . 17 18 Total liabilities and fund balances or net assets (add line 16 and line 17there has been any substantial change in any aspect of the organization's financial activities since the end of the period shown EDOVE: check the box and attach a detailed explanation. Form 1024 (Rev, 9498) Page 8 Schedule 3 Organizations Described in Section 501(c)(4) (Civic leagues, social welfare organizations (including posts, councils, etc., of veterans' organizations not qualifying or applying for exemption under section 501(c)(19)) or local associations of employees.) 1 Has the Internal Revenue Service previously issued a ruling or determination letter recognizing the applicant organization (or any predecessor organization listed in question 4, Part II of the application) to be exempt under section 501(c)(3) and later revoked that recognition of exemption on the basis that the applicant organization (or its predecessor) was carrying on propaganda or otherwise attempting to influence legislation or on the basis that it engaged in political activity? . Yes No If "Yes," indicate the earliest tax year for which recognition of exemption under section 501(c)(3) was revoked and the IRS district office that issued the revocation. 2 Does the organization perform or plan to perform (for members, shareholders, or others) services. such as maintaining the common areas of a condominium; buying food or other items on a cooperative basis: or providing recreational facilities or transportation services, job placement. or other similar undertakings"Yes," explain the activities in detail, including income realized and expenses incurred. Also, explain in detail the nature of the benefits to the general public from these activities. (If the answer to this question is explained in Part ll of the application (pages 2. 3. and 4). enter the page and item number here.) 3 if the organization is claiming exemption as a homeowners' association, is access to any property or facilities it owns . . . . . . . . . . . . . . . . . . . . l:lYes No If "Yes," explain. 4 if the organization is claiming exemption as a local association of employees. state the name and address of each employer whose employees are eligible for membership in the association. If employees of more than one plant or office of the same employer are eligible for membership, give the address of each plant or office. NIA - .3 - 1 -. 31,- 'cup . .. Ld?h 1 --. 3| %wm NO. WOG535416 Date: 08/07/200 . 4' P- 50-QRDN-00034 9835 AMERICAN FUTURE FUND w,ACKNOWLEDGEMENT DOCUMENT FILED The Secretary of State acknowledges receipt of the following documenag Articles of Incorporation AS: The document was filed on August 7, 2007, at 09:37 AM, to be :1 effective as of August 7, 2007, at 09:37 AM. 5 The amount of $20.00 was received in full payment of the filing fee.:? I 1 . . mu!' 7 I <>iTfLl7' ARTIEE 5-Tiiu r~ . v15; Ii.' 93,. it i Notwithstanding any other provision of these Articles, this corporation shall not carry on any activity not pennitted to be carried on by an organization exempt fi'orn federal income tax under section 501(c)(4) of the lntemal Revenue Code of 1986, or corresponding provision of any future United State Internal Revenue law ARTICLE VI The directors of the corporation shall be elected or appointed as follows: The Incorporator shall have the authority to appoint the Initial Board of Directors and to fill any vacancies that may occur on the Board of Directors. Directors shall serve a term of office of one 1) year. ARTICLE VII Upon dissolution of the corporation or the winding up of its affairs, the assets of the Corporation shall be distributed to another organization organized and operated exclusively for charitable purposes or for social welfare purposes as described in section 501 These Articles of Incorporation have been duly signed by the incorporator as required by law; Dated this -50 day of July, 2007 AMERICAN FUTURE FUND BY: (Incorporator) FWLED IOWA SECRETARY OF STATE ?l57:+m W535416 ll BYLAWS of AMERICAN FUTURE FUND ARTICLE I OFFICES SECTION 1. PRINCIPAL OFFICE. The initial principal office ofthe corporation shall be located at 2643 Beaver Avenue, #339, Des Moines, IA 50310. The Corporation may have such other offices, either within or without the State of Iowa, as the Board of Directors may designate or as the business of the Corporation may require from time to time. SECTION 2. REGISTERED OFFICE. The registered office of the Corporation is: 2222 Grand Avenue, Des Moines, IA 50312 ARTICLE II BOARD OF DIRECTORS SECTION 1. GENERAL POWERS. The business, property and affairs of the corporation shall be managed by its Board of Directors. SECTION 2. NUMBER. The number of directors of the Corporation shall be fixed by the Board of Directors, but in no event shall be less than one (1). The number of Directors may be increased or decreased from time to time by an amendment to these Bylaws. Any increase in the number of Directors shall be considered a vacancy to be filled by the remaining Directors. SECTION 3. TENURE. Each Director shall serve a one-year term, or shall serve until he or she resigns, is incapable of serving, or is removed pursuant to these Bylaws. Each director must be reelected at the annual meeting ofthe Board of Directors. SECTION 4. REMOVAL. At a special meeting of the Directors of this Corporation called for the purpose of removing any Director, such Director may be removed by a majority vote of all Directors entitled to vote. When any Director is removed, such unexpired term shall be considered a vacancy on the Board of Directors to be filled by the remaining Directors. SECTION 5. RESIGNATION. Any Director may resign at any time with the assent of a majority of the remaining members of the Board of Directors. Bylaws SECTION 6. QUALIFICATIONS. Directors need not be residents of the State of Iowa. SECTION 7. VACANCIES. Any vacancy occurring in the Board of Directors may be filled by appointment by the Incorporator, or, if the Incorporator declines to make such an appointment, by the affirmative vote of a majority of the remaining directors though less than a quorum of the Board of Directors may vote, unless otherwise provided by law. A director elected to fill a vacancy shall be elected for the unexpired term of his predecessor in office. Any directorship to be filled by reason of an increase in the number of directors may be filled by appointment by the Incorporator until the next election of directors by the Directors. SECTION 8. ANNUAL MEETINGS. An annual meeting of the Board of Directors to elect officers and directors and to conduct such business as may be necessary shall be held at such a time and place as shall be designated by the Board. SECTION 9. REGULAR MEETINGS. Regular meetings of the Board of Directors may be held at the time and place as determined by resolution of the Board without other notice than such resolution. SECTION 10. SPECIAL MEETINGS. Special meetings of the Board of Directors may be called by or at the request ofthe President or any two directors. The person or persons authorized to call special meetings of the Board of Directors may fix the time and place for holding any special meeting ofthe Board of Directors called by them. SECTION 11. NOTICE. Notice of any special meeting shall be given at least two (2) days previous thereto by written notice delivered personally or mailed to each director at his business address, or by telegram. If mailed, such notice shall be deemed to be delivered when deposited in the United States Mail so addressed, with postage thereon prepaid. If notice be given by electronic or Internet notice, such notice shall be deemed to be delivered when the electronic or Internet notice is delivered to the service provider SECTION 12. WAIVER OF NOTICE. The attendance of a Director at a Board meeting shall constitute a waiver of notice of such meeting, except where a Director attends a meeting for the express purpose of objecting to the transaction of any business because the meeting is not lawfully called or convened. The Director may also submit a signed waiver of notice. SECTION 13. QUORUM. A majority of the Directors then in office constitutes a quorum for the transaction of any business at any meeting of the Board of Directors. A quorum shall not be established if more than 50 percent of such quorum is related by blood or marriage. If less than a majority is present at a meeting, a majority of the directors present may adjourn the meeting from time to time without further notice 2of9 Bylaws SECTION 14. MANNER OF ACTING. The act of the majority of the directors present at a meeting at which a quorum is present shall be an authorized action of the Board of Directors. SECTION 15. ACTION WITHOUT A MEETING. Any action required or permitted to be taken pursuant to authorization voted at a meeting of the board of directors or a committee thereof may be taken without a meeting if, before or after the action, all members of the board or of the committee consent thereto in writing. The written consents shall be filed with the minutes of the proceedings of the board or committee. The consent has the same effect as a vote of the board of committee for all purposes. SECTION 16. MEETINGS HELD VIA CONFERENCE CALL. A member of the board or of a committee designated by the board may participate in a meeting by means of conference telephone or similar communications equipment by means of which all participants in the meeting can simultaneously hear each other. Participation in a meeting pursuant to this provision constitutes presence in person at the meeting. SECTION 17. COMPENSATION. By resolution of the Board of Directors, each director may be paid his expenses, if any, of attendance at each meeting of the Board of Directors, and may be paid a stated salary as director or a fixed sum for attendance at each meeting of the Board of Directors or both, so long as such payments are reasonable. No such payment shall preclude any director from serving the Corporation in any other capacity and receiving compensation therefore. SECTION 18. PRESUMPTION OF ASSENT. A director of the Corporation who is present at a meeting of the Board of Directors at which action on any corporate matter is taken shall be presumed to have assented to the action taken unless his dissent shall be entered in the minutes of the meeting or unless he shall file his written dissent to such action with the person acting as the Secretary of the meeting before the adjournment thereof, or shall forward such dissent by registered mail to the Secretary of the Corporation immediately after the adjournment of the meeting. Such right to dissent shall not apply to director who voted in favor of such action. ARTICLE OFFICERS SECTION 1. NUMBER. The officers of the Corporation shall be a President, and a Treasurer all of whom shall be elected annually by the Board of Directors. Such other officers and assistant officers as may be deemed necessary may be elected or appointed by the Board of Directors, including a Secretary, Vice President or Chairman. In its discretion, the Board of Directors may leave unfilled for any such period as it may determine any office except those of President and Treasurer. Any two or more offices may be held by the same person. 3of9 Bylaws SECTION 2. ELECTION AND TERM OF OFFICE. The officers of the Corporation shall be elected annually by the Board of Directors at the annual meeting of the Board of Directors. Each officer shall hold office for a one-year term, or until a successor is elected and qualified, or until his death, or until he shall resign or shall have been removed in the manner hereinafter provided. SECTION 3. REMOVAL. Any officer, agent, or director may be removed by a unanimous vote ofthe Board of Directors whenever, in its judgment, the best interests ofthe Corporation will be served thereby, but such removal shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment of an officer, agent, or director shall not of itself create contract rights, and such appointment shall be terminable at will. An officer's authority to act may be suspended by vote of a majority of the Board for cause. SECTION 4. VACANCIES. A vacancy in any office because of death, resignation, removal, disqualification or otherwise, may be filled by the Board of Directors for the unexpired portion ofthe term. SECTION 5. COMPENSATION. The salaries of the officers shall be reasonable and shall be fixed from time to time by the Board of Directors. No officer shall be prevented from receiving such salary by reason of the fact that he is also a director of the Corporation. SECTION 7. PRESIDENT. The President shall be the chief executive officer of the Corporation and subject to the Board of Directors, shall have authority over the general control and management of the business and affairs of the Corporation. He shall, when present, preside at all meetings of the Board of Directors. The President shall have power to appoint or discharge employees, agents, or independent contractors, and to determine their duties and compensation, if any, which shall be reasonable. The President shall sign all corporate documents and agreements on behalf of the Corporation, unless the President or the Board expressly instructs that the signing be done with or by some other officer, agent or employee, or shall be required by law to be otherwise signed or executed. The President shall see that all actions taken by the Board are executed and shall perform all other duties incident to the office; subject, however, to the President's right and the right of the Board to delegate any specific power to any other officer of the Corporation. SECTION 8. VICE PRESIDENT. In the absence of the President or in the event of the President's death, inability or refusal to act, the Vice President shall perform the duties of President, and when so acting, shall have all the powers of and be subject to all the restrictions upon the President. SECTION 9. SECRETARY. The Secretary shall: keep minutes of the Board of meetings; be responsible for providing notice to each Director as required by law, the Articles of Incorporation, or by the Bylaws; be the custodian of corporate records; 4of9 Bylaws keep a register of the names and addresses of each officer and Director; and perform all duties incident to the office and other duties assigned by the President or by the Board. SECTION 10. TREASURER. The Treasurer shall: have charge and custody over corporate funds and securities; keep accurate books and records of corporate receipts and disbursements; (C) deposit all moneys and securities received by the Corporation at such depositories in the Corporation's name as may be designated by the Board; and perform all duties incident to the office and other duties assigned by the President and by the Board. ARTICLE IV CONFLICT OF INTEREST POLICY SECTION 1. PURPOSE. The purpose of this conflict of interest policy is to protect the Corporation's interest when the corporation contemplates entering into a transaction or arrangement that might benefit the private interest of an officer or director of the Corporation or might result in a possible excess benefit transaction. This policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest applicable to nonprofit and charitable organizations. SECTION 2. DEFINITIONS. 1. Interested Person-- Any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, as defined below, is an interested person. 2. Financial Interest-- A person has a financial interest if the person has, directly or indirectly, through business, investment, or family: a. An ownership or investment interest in any entity with which the Corporation has a transaction or arrangement, b. A compensation arrangement with the Corporation or with any entity or individual with which the Corporation has a transaction or arrangement, or c. A potential ownership or investment interest in, or compensation arrangement with, any entity or individual with which the Corporation is negotiating a transaction or arrangement. 3. Compensation includes direct and indirect remuneration as well as gifts or favors that are not insubstantial. 4. A financial interest is not necessarily a conflict of interest. Under Section 3.3 of this article, a person who has a financial interest may have a conflict of interest only if the appropriate governing board or committee decides that a conflict of interest exists. 5of9 Bylaws SECTION 3. PROCEDURES. 1. Duty to Disclose- In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with goveming board delegated powers considering the proposed transaction or arrangement. 2. Determining Whether a Conflict of Interest Exists- After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/ she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. 3. Procedures for Addressing the Conflict of Interest a. An interested person may make a presentation at the goveming board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. b. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. c. After exercising due diligence, the governing board or committee shall determine whether the Corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. d. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Corporation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. 4. Violations of the Conflicts of Interest Policy a. If the goveming board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. b. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines 6of9 Bylaws the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. SECTION 4. RECORDS OF PROCEEDINGS. The minutes of the governing board and all committees with board delegated powers shall contain: 1. The names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the governing board's or committee's decision as to whether a conflict of interest in fact existed. 2. The names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with the proceedings. SECTION 5. COMPENSATION. 1. A voting member of the governing board who receives compensation, directly or indirectly, from the Corporation for services is precluded from voting on matters pertaining to that member's compensation. 2. A voting member of any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Corporation for services is precluded from voting on matters pertaining to that member's compensation. 3. No voting member of the governing board or any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Corporation, either individually or collectively, is prohibited from providing information to any committee regarding compensation. ARTICLE VI INDEMNITY The Corporation shall indemnify its directors, officers, employees, and the Incorporator as follows: Every director, officer, or employee of the Corporation shall be indemnified by the Corporation against all expenses and liabilities, including counsel fees. reasonably incurred by or imposed upon him in connection with any proceeding to which he may be made a party, or in which he may become involved, by reason of his being or having been a director, officer, employee or agent of the Corporation or is or was serving at the request of the Corporation as a director, officer, employee or agent of the corporation, partnership, joint venture, trust or enterprise, or any settlement thereof; whether or not he 7of9 Bylaws is a director, officer, employee or agent at the time such expenses are incurred, except in such cases wherein the director, officer, or employee is adjudged guilty of willful misfeasance or malfeasance in the performance of his duties; provided that in the event of a settlement the indemnification herein shall apply only when the Board of Directors approves such settlement and reimbursement as being for the best interests of the Corporation. The Corporation shall provide to any person who is or was a director, officer, employee, or agent of the Corporation or is or was serving at the request of the Corporation as a director, officer, employee or agent of the corporation, partnership, joint venture, trust or enterprise, the indemnity against expenses of suit, litigation or other proceedings which is specifically permissible under applicable law. The Board of Directors may, in its discretion, direct the purchase of liability insurance by way of implementing the provisions of this Article VI. ARTICLE VII CONTRACTS, LOANS, CHECKS AND DEPOSITS SECTION 1. CONTRACTS. The Board of Directors may authorize any officer or officers, agent or agents, to enter into any contract or execute and deliver any instrument in the name of and on behalf of the Corporation, and such authority may be general or confined to specific instances. SECTION 2. LOANS. No loans shall be contracted on behalf of the Corporation and no evidences of indebtedness shall be issued in its name unless authorized by a resolution of the Board of Directors. Such authority may be general or confined to specific instances. SECTION 3. CHECKS, DRAFTS, ETC. All checks, drafts or other orders for the payment of money, notes or other evidences of indebtedness issued in the name of the Corporation, shall be signed by such officer or officers, agent or agents of the Corporation and in such manner as shall from time to time be determined by resolution ofthe Board of Directors. SECTION 4. DEPOSITS. All funds ofthe Corporation not otherwise employed shall be deposited from time to time to the credit of the Corporation in such banks, trust companies or other depositories as the Board of Directors may select. SECTION 5. CORPORATE DOCUMENT PROCEDURE. All corporate documents including stocks, bonds, agreements, insurance and annuity contracts, qualified and nonqualified deferred compensation plans, checks, notes, disbursements, loans, and other debt obligations shall not be signed by any officer, designated agent or attorney-in-fact unless authorized by the Board or these Bylaws. 8of9 Bylaws ARTICLE MEMBERS There shall be no members of the Corporation. ARTICLE IX FISCAL YEAR The fiscal year ofthe Corporation shall begin on the first day of January and end on the last day of December each year. ARTICLE CORPORATE SEAL The Board of Directors may at its discretion provide a corporate seal, which shall be circular in form and shall have inscribed thereon the name ofthe Corporation and the State of incorporation and the words. "Corporate Seal". ARTICLE XI WAIVER OF NOTICE Unless otherwise provided by law, whenever any notice is required to be given to any director of the Corporation under the provisions of these Bylaws or under the provisions of the Articles of Incorporation or under the provisions of the applicable Business Corporation Act, a waiver thereof in writing, signed by the person or persons entitled to such notice, whether before or after the time stated therein, shall be deemed equivalent to the giving of such notice. ARTICLE XII AMENDMENTS These Bylaws may be altered, amended or repealed and new Bylaws adopted by the Board of Directors at any regular or special meeting ofthe Board of Directors. 9of9 Internal Revenue Service P.0. Box 2508 - Room Cincinnati, Ohio 45201 Date: July 14, 2008 AMERICAN FUTURE FUND c/o Jill Holtzman Vogel 98 Alexandria Pike, Ste 53 Warrenton, VA 20186 Dear Sir or Madam: Department of the Treasury Employer Identification Number: 26--O620S54 Person to Contact -- Group Mrs. M. Taylor 52-449 Contact Telephone Numbers: 4lO-962-9525 Phone 410-962-0133 Fax Response Due Date: August 4, 2008 Before we can recognize you as being exempt from Federal income tax, we must have enough information to show that you have met all legal requirements. You did not include the information to make that determination on your Form 1024, Application for Recognition of Exemption Under Section 50l(a) or for Determination Under Section 120. To help us determine whether you are exempt from Federal income tax, please send us the requested information by the above date. We can then complete our review of your application. If we do not hear from you within that time, we will assume you do not want us to consider the matter further and will close your case. As a result, the Internal Revenue Service will treat you as a taxable entity. If we receive the information after the response due date, we may ask you to send us a new Form 1024. If you have any questions, please Contact the person whose name and telephone number are shown in the heading of this letter. Enclosure Sincerely yours, M. Taylor Exempt Organizations Specialist Letter 1313 (DO) Page 2 Name: American Future Fund Note: Your response to this letter must be submitted over the signature of an authorized person or of an officer whose name is listed on the application. Also, the information you submit should be accompanied by the following declaration which must be signed by an officer of the organization: Under penalties of perjury, I declare that I have examined this information, including accompanying documents, and, to the best of my knowledge and belief, the information contains all the relevant facts relating to the request for the information, and such facts are true, correct, and complete. PLEASE ATTACH A COPY OF THIS LETTER TO ALL CORRESPONDENCE. Page 3 Name: American Future Fund Additional Information Requested: You indicate in the application that your activities consist of 70% educating the public on policy issues and decisions that affect the American public. The organization also plans to influence legislation 30% of the time through grassroots advocacy promoting state and local legislative and executive branch initiatives in support of its mission at the state and federal level. These activities are to start in August, 2007 and beyond. You also indicate that consultants will be engaged to assist with your activities. We wish to call your attention to section 4.03 of Revenue Procedure 2008-9, Internal Revenue Bulletin 2008-2, page 262, which reads in part, as follows: "Exempt status will be recognized in advance of operations if proposed operations can be described in sufficient detail to permit a conclusion that the organization will clearly meet the particular requirements of the section under which exemption is claimed. (1) A mere restatement of purposes or a statement that proposed activities will be in furtherance of such purposes will not satisfy this requirement. (2) The organization must fully describe the activities in which it expects to engage, including the standards, criteria, procedures, or other means adopted or planned for carrying out the activities, the anticipated sources of receipts, and the nature of contemplated expenditures. (3) Where the organization cannot demonstrate to the satisfaction of the Service that it qualifies for exemption pursuant to the section of the Internal Revenue Code under which exemption is claimed, the Service will generally issue a proposed adverse determination letter or ruling." The information submitted with your application does not contain sufficient information in detail to fully describe your purposed activities. Therefore, submit a detailed description of all of the activities of the organization -- past, present, and planned showing how you operate or will operate to achieve your purposes. Each activity should be separately described, and the description should include as a minimum, the following: Page 4 Name: American Future Fund a) Its purpose and nature. b) Frequency and duration. c) How, when, where and by whom it was, is, or will be conducted. d) The requirements a person or organization must meet in order to participate in or receive benefit from the activity. e) The amounts of any charges or fees and the basis for the amount. f) What the activity has accomplished or will accomplish. g) State what percentage of the total time and effort of the organization is devoted to carrying out each activity. 2. You indicate in the application that there is 1 officer. Please explain why. How will this person undertake the roles of President, Secretary and Treasurer and carrying out all of the activities of the organization? There is not sufficient representation of unrelated persons from the community on your board. A board of directors that includes representatives from the community, instead of a board consisting solely of one person is an indication that the organization will serve public rather than private interests. A one--person board is "prima-facie" evidence that the organization is organized and operated for private interests. Your bylaws also indicate that a "quorum" must be present in order to conduct business. You cannot have a "quorum" with only 1 person. It is STRONGLY recommended that you expand your board to include non~ family members? If you agree to do this, provide the names, titles, addresses, and any compensation amounts of the newly elected board. Also submit a copy of the minutes of the meeting wherein this action was taken. 3. You indicate in the financial data, "gross dues and assessments of members". What are the qualifications for your members? How much are their dues and/or assessments? Explain fully. How does the organization obtain its membership? You also state that the "corporation has no members." Explain this discrepancy. Submit copies of any solicitations for support. 4. You indicate on page 3 of the application that Nicole Schlinger is affiliated with a fundraising and telemarketing firm that may be contracted to provide services to the organization at market rates. Explain fully and include all terms and contracts, proposed or executed. Also explain why services are to be provided at "market" rates. Why not provide services "at" or "below cost"? Providing services at market rates may he prima- facie evidence that private interests are served. 5. Submit representative copies of any brochures, pamphlets, newsletters, newspaper articles, advertisements, or any other literature regarding your organization. 6. Submit any other contracts, leases, or other written agreements you have entered or plan to enter on behalf of the organization. Page 5 Name: American Future Fund ADDITIONAL INFORMATION MAY BE REQUESTED PLEASE DIRECT ALL CORRESPONDENCE REGARDING YOUR CASE TO: US Mail: Street Address: Internal Revenue Service Internal Revenue Service Exempt Organizations Exempt Organizations P. O. Box 13163 31 Hopkins Plaza Baltimore, MD 21203 Baltimore, MD 21201 ATT: M. Taylor ATT: M. Taylor Room 1420 Room 1420 Group 7880 Group 7880 HOLTZMANVOGEL PLLC av' Ix/cc' UH '~}LzilL* 53 I15-ill 34-i 34% 8E\'l. July 23, 2008 Intemal Revenue Service Exempt Organizations 31 Hopkins Plaza Baltimore, MD 21201 Attn: Mrs. Taylor Room 1420 Group 7880 RE: American Future Fund EIN 26-0620554 BY FAX Dear Mrs. Taylor: Thank you for taking the time to speak with me today regarding the response to American Future Fund's (EIN 26--0620554) 1024 application. We appreciate your willingness to extend the submission deadline to August 18, 2008. If the organization requires additional time to prepare the response, we will contact you before that date. Thank you, Karen Blackistone HOLTZMANVOGEL PLLC A trarrzeys at Law,' 98 Alexandria Pike Suite 53 Warrenton, VA 20186 p/540-341 -8808 f/540-341-8809 August 18, 2008 Internal Revenue Service Exempt Organizations 31 Hopkins Plaza Baltimore, MD 21201 Attn: Mrs. Taylor Room 1420 Group 7880 RE: American Future Fund EIN 26--O620554 BY FAX AND FED EX Dear Mrs. Taylor: The American Future Fund is pleased to provide the following responses to your letter of July 14, 2008. We hope that the answers provided herein will help answer your questions about the organization. 1. The information submitted with your application does not contain sufficient information in detail to fully describe your proposed activities. Therefore, submit a detailed description of all of the activities of the organization- past, present, and planned showing how you operate or will operate to achieve your purpose. Each activity should be separately described, and the description should include as a minimum, the following: Its purpose and nature. Frequency and duration. How, when, where and by whom it was, is, or will be conducted. The requirements a person or organization must meet in order to participate in or receive benefit from the activity. The amounts of any charges or fees and the basis for the amount. What the activity has accomplished or will accomplish. State what percentage of the total time and effort of the organization is devoted to carrying out each activity. The American Future Fund's activities generally fall into two categories. The first includes activities to educate the public about policy issues and decisions that affect the American public. The second is activity to influence legislation. Although many of the organization's activities may have elements of both educating the public and influencing legislation, we have described the organization's activities in detail and have provided numerous examples of its activity to date. Activity to Educate the Public a. Efforts to educate the public have, and will take many different forms, depending on the issues involved, the timing, and the significance of the issue. To date, activities to educate the public have included radio and television advertising, newspaper advertising, intemet activity (including a blog and emails to the public including both to those who have signed up to receive emails and to email lists the organization has purchased), research and polling, and press releases and public statements. In the future, AF anticipates that it will write and place opinion editorial pieces and letters to the editor in newspapers in addition to the methods described above. The purpose of such activities is to further the common good and general welfare of the citizens of the United States by informing the American public about important issues that affect their lives. We have included samples of these materials. Activities to Educate the Public continue on an on--going basis. The organization is continually updating the information on its website and will stay abreast of important policy issues and will take appropriate action to inform and educate the public when appropriate. Educational activities are conducted by the Board of Directors, consultants, and volunteers. A consultant has been engaged who serves as the organization's spokesperson. He is the primary blogger on the website and point of contact for national and local news media. Many of the organization's directors, consultants and volunteers are based in Iowa, so the activities will be conducted there; however, activities are directed across the United States. Other consultants are located in Washington, DC and Boston, Massachusetts. Thus far, the organization has engaged in activity to educate the public about important policy issues in Connecticut, Colorado, Minnesota, Nevada, and Washington, DC. The organization is building a list of supporters across the country and contacts them via the internet on various public policy issues, and regularly updates its website and blog with information consistent with the organization's principles. As of August 1, 2008, the organization had approximately 20,000 subscribers to its email list. We have included examples of these emails. d. g. Activity to Individuals or organizations that support the mission and positions ofthe American Future Fund are welcome to assist in any AFF activities. AFF's activities to educate the general public do not benefit any group ofindividuals or organizations. No charges or fees are assessed with respect to educational activities. Educational activities are designed to inform the American public about important policy issues and decisions. We believe that our organization has succeeded in informing the public about these issues and we hope that fiature efforts to educate the public will have the same impact. Approximately 70% ofAFF's activity is devoted to educating the public. Influence Legislation American Future Fund intends to shape public policy through its activities to influence legislation. AF will engage in grassroots advocacy, which may take many forms, such as radio and television advertising, newspaper advertising, and public statements from the organization. AFF's activities to influence legislation began in January 2008, and will continue on a regular basis while the organization is in existence. Activities to influence legislation are conducted by the Board of Directors, consultants, and volunteers. Many of the organization's directors, consultants and volunteers are based in Iowa, so the planning of activities and development of advocacy materials will be primarily conducted there. Other consultants are located in Washington, DC and Boston, Massachusetts. Advocacy materials have been published in Connecticut, Colorado, Nevada, Washington, DC and Minnesota. Individuals or organizations that support the mission and positions of the American Future Fund are welcome to participate in AFF activities to influence legislation. AFF's activities to influence legislation do not benefit any group of individuals or organizations. No charges or fees are assessed with respect to activities to influence legislation. AFF intends that activities to influence legislation will encourage the adoption of free-market policies that benefit the American public. Approximately 30% of AFF's activity is devoted to influencing legislation. 2. You indicate in the application that there is 1 officer. Please explain why. How will this person undertake the roles of President, Secretary and Treasurer and carrying out all of the activities of the organization? There is not sufficient representation of unrelated persons from the community on your board. A board of directors that includes representatives from the community, instead of a board consisting solely of one person is an indication that the organization will serve public rather than private interests. A one--pers0n board is "prima--faeie" evidence that the organization is organized and operated for private interests. Your bylaws also indicate that a "quorum" must be present in order to conduct business. You cannot have a "quorum" with only one person. It is STRONGLY recommended that you expand your board to include non- family members? If you agree to do this, provide the names, titles, addresses and any compensation amounts of the newly elected board. Also submit copies of the minutes of the meeting wherein this action was taken. AFF was organized in August, 2007. During the initial months of the organization's existence, it did not engage in any significant amount of activity, it did not raise any money, and it did not have any other Directors or Officers, during this time, Ms. Schiinger began soliciting input and ideas for the organization from outside individuals and planning for future activity. Once the organization's activities began in eamest, Ms. Schiinger retained consultants to assist with the organization's activities, and began fundraising for the organization. Although the additional board members were not formally elected until August 15, 2008, significant consultation and input from the community began as early as August, 2007. The minutes of the meeting where the additional board members were elected are attached, and the requested information follows. -- Barbara Srneltzer, Director Secretary, 1440 Algona St., Dubuque, IA 52001, No compensation - Sandra Greiner, Director Treasurer, 1005 Hwy. 92, Keota, 52248, No compensation In addition, the Board decided that a "Youth Representative" on the Board would be a valuable asset to the organization by representing an important demographic segment AFF is trying to reach with its efforts and would add knowledge to the board on new media matters. The Board is currently searching for such an individual. If a Youth Representative is added to the Board, we will provide their name, address, and compensation amounts to the IRS. 3. You indicate in the financial data "gross dues and assessments of members." What are the qualifications for your members? How much are their dues and/or assessments? Explain fully. How does the organization obtain its membership? You also state that the "corporation has no members." Explain this discrepancy. Submit copies of any solicitations for support. The revenue data was included on line 1 in error. It is expected that revenue will come from contributions, gifts and other donations, not membership dues or assessments. Accordingly, such information should have been provided on line 2, not line 1. We have revised Part to reflect this change and have attached it to this response. In addition, we have included sample email solicitations and a power point grant proposal. 4. You indicate on page 3 of the application that Nicole Schlinger is affiliated with a fundraising and telemarketing firm that may be contracted to provide services to the organization at market rates. Explain fully and include all terms and contracts, proposed or executed. Also explain why services are to be provided at "market" rates. Why not provide services "at" or "below cost"? Providing services at market rates may be prima--facie evidence that private interests are served. Nicole Schlinger does not have a contract with AFF, either proposed or executed. Nicole has been compensated a total of $1 2,000 since the organization began ($4,000 per month for services rendered in March, April, and May), for services she provided including initial planning, organizing and fundraising. She has not done any work for AF for which she will be compensated since May. Nicole has explained that she invoiced AF at a rate below her regular rate for her consulting business for the services she performed, and the remainder of her services provided to AF before March and since May have been on a volunteer basis. lf, in the future, Nicole Schlinger's firm is engaged by AFF, the terms of any agreement, contract, or payment would be approved by the remaining disinterested directors. 5. Submit representative copies of any brochures, pamphlets, newsletters, newspaper articles, advertisements, or any other literature regarding your organization. We have included copies of advertisements that our organization has prepared and distributed in furtherance of its mission to educate the public about policy issues that affect the general public and to influence legislation. The attached print media piece relates to a public educational and issue advocacy campaign related to consideration of the Foreign Intelligence Surveillance Act by the US Congress that AFF ran in April. The attached CD contains a sample of radio, and television ads relating to the current debate about energy policy and prices, the mortgage crisis, and advertisements promoting other free-market and common-sense policies. Finally, a copy ofa script used for phone calls to consumers related to the mortgage crisis is attached. The organization does not have any brochures, pamphlets, newsletters, or newspaper articles regarding the organization other than the website located at ww-wamericanfiiturefund.com. 6. Submit any other contracts, leases, or other written agreements you have entered or plan to enter on behalf of the organization. AFF has written fundraising contracts with Legacy Consulting and with Frontline Strategies. A copy ofthe Frontline contract is attached. The Legacy Consulting contract will be submitted to the IRS upon execution. AFF has engaged other pollsters, consultants, media producers and buyers, and legal counsel that invoice the organization at market rates as services are rendered. Neither Nicole Schlinger, nor any of the other directors, have a business or family relationship with any of the consultants to the organization. All attachments will follow by overnight FedEx delivery. Please let us know if you require any more information about All' to complete your review of its application. We can be reached at (540) 341-8808. Sincerely, t- ., Karen Blackistone Under penalties ofperjury, I declare that I have examined this information, including accompanying documents, and, to the best of my knowledge and belief the information contains all the relevant facts relating to the request for the information, and such facts are true, correct, and complete. Board Meeting American Future Fund Date of the Call: August 15, 2008 Director and President Nicole Schlinger, presiding. AGENDA 1. Call the Meeting to Order 2. Consider Resolution to appoint new members a. Motion by Schlinger to Approve Sandra Gteiner to the Board as Treasurer Barbara Smeltzet to the Board as Secretary b. Second the Motion by Schlinger c. Vote to Approve - unanimous 3. Discussion ofa young person to serve on the Board of Directors Young person could be college age or post-college individual so youth is represented on the AFF board Young person would represent an important demographic segment AFF is trying to reach with its efforts Young person would add knowledge to the board on new media matters blogs, social networking sites, etc. Discussion ends with general agreement on proceeding if the right board candidate emerges for this position 4. Discussion on AFF Energy agenda plan Petition sign~up numbers Online and email campaign update Legislative update on current congressional energy proposals 5. Ask if there is any new business to discuss, or other issues to discuss -- none 6. Meenng adjourned by President Schlinger. 2:26pm Gmail - TEST Alert. Gas prices soar hiie Congress' approxalw lof3 h[i.pn mail goggle com mail L1i"'| li TEST -- Alert: Gas prices soar while Congress' approval plummets GOPUSA Friends Tue, Jul 22, 2008 at 8:37 AM To: Please DO NOT REPLY to this message. Replies will not be Seen. Use the information at the bottom for e-mail address changes, subscription issues, and to contact GOPUSA. The foilowing e-rnail comes from one of our sponsoring advertisers. Through their support, GOPLJSA can Continue to bring you the best array or" conservative news, information, commentary, and discussions. Please see the sponsor content below, and note that the content does not constitute an endorsement by GOPUSA. For questions regarding the content of this e-mailer, please contact the advertiser directly. American Future Fund Home Contribute Sign the Energy_Petltion Dear Concerned American, Gas prices are skyrocketing, The price of foreign oil goes UP, yet we are not able to drill or explore here. It's madness. When will the Congress act'? In fact, the only thing that's actually going DOWN is Congress' approval rating. Their record-low approval is a direct result of their inaction on ENERGY, and offering no direction on the issue. As you know. President Bush took action and signed an executive order to allow offshore drilling exploration. But Congressional leaders like Harry Reid and Nancy Pelosi? Still blocking votes on things like offshore drilling, and the result is higher and higher energy bills. 8:13:08 4:10 PM Gmail - TEST -- Alert; Gas prices soar hilc Congress' approial . 2of3 American Future Fund is urging Congress to act immediately. ln a radio ad (which you can listen to at Future Fund right). we calied on Harry Reid to stop blocking common--sense measures. and to immediately begin work on a remedy for energy. In fact. American Future Fund has called on Congress to skip its . August recess ifthey cannot find swift resolution to we America's energy crisis. Cit-;k here for our radio sit. Su-ris.1ttmu" We need you to j0|l'l us in making your voice heard. By signing our petition, found HERE, you will send a clear message that you stand with us and the millions of Americans struggling under the oppression of being beholden to foreign oil. We will make your voice heard by delivering this petition to the Senate They'll only act if they hear from us soon. If we don't act. Congress will go on recess without getting a single thing done. and at a price we can't afford to pay. Sign the petition today! Sincerely. Nicole Schlinger President, American Future Fund :/lenergyamericanfutu refund.com!petition.php PS. -- ln orderto keep our ads on the air. we need your helg. Liberal interest groups like MoveOn.Org are pumping millions of dollars into the airwaves to combat our conservative, free market ideals. if you donate today, you will ensure your voice is heard over those liberal groups who continue to support an agenda that blocks efforts for energy independence. Please consider making a secure donation to our efforts today. Donations to American Future Fund are not deductible as charitable contributions for Federal income tax purposes If you liked the radio ad, check out our other ads -- lust click herel Paid for by the American Future Fund. hup. m:iil.google.com mail. 4; ?0 PM Grnail - Dodd. Senate Plan Bailout of Subprime Lenders 7uj:3&lk:cd96334b0g&tjetizpl Dodd, Senate Plan Bailout of Subprime Lenders The American Future Fund Wed, Jul 2, 2008 at 11:52 AM American Future Fund Home Contribute Dear Friend. if you had an extra $1,000 in your pocket, what would you do with it? Would you freely give it away to subprime lenders who preyed on their customers? Because that's exactly what the US Senate is prepared to do. Their$300 billion mortgage bailout means every man, woman and child is responsible for giving $1,000 to subprime mortgage lenders. You read right. They are prepared to offer subprime lenders a giveaway that amounts to $1,000 from you, your spouse, your children - and even your grandchildren in taxpayer dollars. Even more disturbing, the person spearheading this massive spending bill is Senator Christopher Dodd - chairman of the Senate Banking Committee, which oversees the mortgage industry. This is important. because he saved $75,000 on two mortgages in a sweetheart deal from the lender Now he's prepared to pay them back Read the story HERE, and check out our YouTube video below. Thankfully. Senator Jim Detvlint has stood up to them, and thus far has prevented any action on this bili. We need more senators to stand with DeMint. and stand against greedy subprime lenders. The Senate returns to vote on the bill soon. American Future Fund IS diligently working to prevent a mortgage bailout for big lenders - but we need your help. Call the Senate switchboard at (202) 224-3121 and tell your senator that tax dollars shouldn't bail out people who cheated their customers with subprime loans. . of 3 8/13/08 4.12 PM Gmaii - Bailout of Lenders hL[p' rnailgooglacam mall term - Click here to watch "Sweetheart Deal" on YouTube Paid for by the American Future Fund. Ciick here to unsubscribe 4:12 PM (firnail - Sign the Petition: Energy Action NOW http. mail google i:om.mail Sign the Petition: Demand Energy Action NOW Townt-tall Spotlight Tue, Aug 5. 2008 at 10:08 AM Reply-To TownHall Spotlight SPO Tuesday, August 5. 2008 American Future Fund I-t_orIltgi Contribute Sign the Energy Petition Fellow conservative. Think back to the start of this year You had goats. You wanted to accomplish some major achievements. 0 Maybe it was investing a little more of your hard-earned money into the stock market. I Perhaps you wanted to save a little more For your children's college education. 0 Or. you were hoping to get a little bit closer to paying off that mortgage. But it hasn't exactly worked out that way So. WHAT :llenergy.americanfuturefund .comiipetition.php Over the past seven months, gas prices skyrocketed. with no end in sight. The dial on the gas pump rolled over and over putting you in a $50, $75 or even $100 crunch every time you filled up. With every fleeting galton you pumped, it was less money you could invest or save. it was another link in the chain that constrained you from spending your hard-earned money on things that matter to you . Expense, after expense, after expense. Yet, you carried on, working each and every day to provide for you and your family Meanwhile, what have our leaders in Congress been doing? in a word: NOTHING Our leaders in Congress have continually blocked i of 2 8:13:08 4:08 PM Grnail Sign the Petition: Demand Encrg} Action NOW attempts to relieve our dependence on foreign oil be =t drilling here at home. environmentally sound offshore drilling oil shale exploration building new refineries for the First time in over 30 years. and the list goes on They have stood in the way of real progress when it comes to domestic energy exploration and production AFF's It's got to stop It is time for you to be in control of your farrily budget again not beholden to major fluctuations in energy costs energy petition today. its time for a cohesive energy policy Sign the petition HERE, to take your voice heard by the Congress that real energy legislation is needed ://enerqyamericanfutu refund.com;getition.php We need your help American Future Fund is committed to achieving energy independence We serve as a pipeline between you and your elected officials. Let's face it: congressional leaders haven't been hearing you. But with your help -- along with the tens of thousands of others like you -- they will have no choice but to hear us. We ve told Senate lvlaiority Leader Harrv Reid We've told Coggessman lvlarlt Udall, But the others need to hear from .13 as weft. it is oniy with a clear agenda - with people like you who are willing to lead on it - that we can truly make a difference Please sign up today. and ensure that YOUR voice l5 heard Sincerely Nicole Schlinger President. American Future Fund Paid for by the American Future Fund. SUBSCRIPTION IN F0 WERE YOU FORWARDED THIS EDITION OF THE TOWNHALL You can get your own free subscription by visiting h_sgg This newsletter is never sent unsolicited. It was sent to YOU because you signed up to receive this newsletter on the Townhaltcom network OR a friend forwarded it to you. We respect and value your time and privacy. If this newstetter no longer meets your needs we will be happy to remove your address immediately. You can unsubscribe from this Townhail Spotlight lleg. Send postal mail to: Townhall Spotlight Unsubscribe 1901 N. Moore St - Suite 701, Arlington, VA 22209 Copyright 2006 Townhallcom, Salem Communications and its Content Providers. All rights reserved. 3108 4:08 PM AFF's Seven-Point "America First Energy Agenda" The American Future Fund Heine About Us Press Releases In the N.e.xy:s Q11 Issues Take Action C.0ntr.ibute _.C.0ntacL@ search . Quicklinks Ar_ne_rica First Energy Agenda Press Release Radio Ad gogn the Petition S.ign. up for Einail Updates Q9 ntribute AF F's Seven--P0int "America First Energy Agenda" Page ot'2 American [Future American Future Fund (AF F) believes that "Enough is enough." We must immediately pursue a broad, long-term domestic energy plan that forever relieves our dependence on oil from foreign dictators. We must act right here, right now. The U.S. Congress needs to schedule votes now to address our national energy challenges. AFF's seven-point "America First Energy Agenda" AFF believes the United States should immediately begin safe, clean drilling For oil in the Alaska National Wildlife Refuge (ANWR). AFF believes the Unite States should immediately develop domestic nuclear energy. Seven-Point "America First Energy Agenda" The American Future Fund - AFF believes the United States should continue to support and pursue the development of alternative fuels. 0 AFF believes in the exploration, refining and use of domestic oil shale. AFF believes in the use of wind turbines as an alternative source ofenergy. AFF believes the United States should immediately begin safe, clean offshore drilling. a AFF believes the United States must build new refineries, for the first time since 1976. Read the press release announcing the effort. American Future Fund "YouTube Sensation" Radio er-we ran av nmamrnu FLFIURE FUND 0:07 r1;o2 4Irt|| Paid for by the American Future Fund Political Action. Not authorized by any candidate or candidate's committee. The .~\rncrican liuturc Mind is a otgtitiizzttion wlticlt focuses on non partistin educatioti and ztdvocacy on important national issues. .-Nmcrican Future Political Action is a 1'-cdcral political committee which primat'il}' helps members elect candidates who re llect our values th1'ougl'1 a variety of activities atini-ed at influencing the outcome ol" the next election. /-\mcrican Future Fund Political and the l"'"uturc Fund are separate Page 2 of}. AFF's Seven-Point "America First Energy Agenda" The American Future Fund Page 1 of2 Home - Ab0L.1t_Us - limirnlieleeasges In theljevys - Onstl1e.Is5_ues - Iake Action - Co_r_1trib__ute Contact L's A joint website ofthe American Future Fund and American Future FundgE_olitical_Actfl1 search AmerigcangFuture . . Quicklinks America First Energy Agenda Press Release Radio Ad Si 11 the Petition Sign up for Email Updates Contribute Press Release FOR RELEASE: Tuesday, July 22, 2008 Contact: Tim Albrecht (515) 720-5250 or AFF Releases 7 Point "America First Energy Agenda" Des Moines, IA - American Future Fund (AFF), today released a seven point "Arr_1erica First linergy which calls on the US. Congress to schedule a vote now to act on real, long ?EUR"term energy solutions that address our national energy challenges. AFF believes that "Enough is enough." We must immediately pursue a broad, long~terrn domestic energy plan that forever relieves our dependence on oil from foreign dictators. We must act right here, right now and look to America First. Seven--Point "America First Energy Agenda" The American Future Fund Page 2 of2 The is running in conjunction with the 'YouTube Sensation' radio ad airing in Nevada and Washington, DC, which calls on Senate Majority Leader Harry Reid to explore domestic sources ofenergy, including allowing for offshore drilling and exploration ofoil shale. In addition to offshore drilling and the exploration ofoil shale, AFF is calling on Congress to act on wide ranging comprehensive solutions including drilling in ANWR, the development of domestic nuclear energy, alternative fuels, wind energy, and building new refineries for the first time in 32 years. AFF President, Nicole Schlinger states, "At a time when America imports nearly 75% ofits oil from foreign countries and consumers are paying over $4 per gallon, itaEURT""s time to act right here, right now, and end our dependence on oil from foreign dictators." Schlinger continued, "America has more oil reserves than Saudi Arabia and still Congress is blocking the exploration of domestic resources. America afford band as" aid solutions any longer." Learn more about AFF's "America First Energy Agenda" here and ways you can help tell Congress to act right here, right now. American Future Fund ":'ouTnbe ion' Radio an: we tau ozoomoocaiunij Paid for by the American Future Fund Political Action. Not authorized by any candidate or candidate's committee. The American lf'uturc l"uiid is a 50} orgariimtion primarily focuses on nonpartisan education and on important national issues. Future Furid Political .'\CllOIl is a lietlcrail political committee which primarily helps elect candidates viclio reflect" our Values through a xrzniety ol'ucti\- itics ainictl at in fiuencing the outcome 01' the next election. r\mcrican Future Fund Actitm and the ;\incric;m l'uturc Fund are separate AFF's Seven--Point "America First Energy Agenda" The American Future Fund Page 1 of} Him: About Us Eress Releases On Lake Action Ajoint website ofihe American Future Fund and Future Fund Political Actign t_ search Americantuture :23 - . Quicklinks First Energy Agenda Eress Release Radio Ad {Sign up for Em_ai1 Uupdatues Sign AF F's "America First Energy Agenda" Petition 000000 *1 AFF's Seven-Point "America First Energy Agenda" The American Future Fund Page 2 of 3 Let Congress Know What You Think Show your support for real energy solutions by signing AFF's America First Energy Agenda petition to Congress below. We will compile signatures to present to Congress and demand real energy reform. Name Email Address Street Address Address Line 2 State - Province Region City Postal I Zip Code Cguntry Phone (er ii) American Future Fund Sesieion" finale I mi pr A - o:ooro:oo :1-nl Paid for by the American Future Fund Political Action. Sign the FISA Petition The American Future Fund Page 2 of4 blip.tv nu" yspace" a place for friends Sign the FISA Petition On February 16th, the law that allows intelligence agencies to intercept new terrorist communications expired. Now, more than 60 days later the intelligence community sits, waiting to have the capability to keep America safe. House leaders have played politics with national security long enough. Do you support the bipartisan terrorist surveillance bill that would give the intelligence community the necessary means to keep America safe'? If so, sign the petition to tell House leaders 60 days is long enough! Email I First Name I Last Name Phone I Address 1 Address 2 City State Zip I - Required Field Submit I . Amerisan Fund National Voter Registration Project A Proposal by the American Future Fund AmericanFuturcFund.com Friday, May 9, 2008 About Us The American Future Fund operates as a 501(c)(4) and was formed to provide Americans with a conservative and free market viewpoint to have a mechanism to communicate and advocate on the issues that most interest and concern them. if The American Future Fund is established as a multi-- state issues advocacy group designed to effectively communicate conservative and free market ideals. The American Future Fund will educate citizens across the country on common conservative principles. it it rim The Environment What lt's Like Who Is Doing What - Record low approval ratings for - Liberal Groups running massive Congress the President voter registration programs - Disaffection with the establishment and politicai Rod' The -- Democratseom Process Others . Regu-iar people are shunning Barack Obama Campaign political parties and politicians running nafionwide NHROOIS in favoriol' issues and causes registration Campaign they beheve -- First ever coordinated nationwide NetRoots registration campaign by major candidate Amerieati Future Fund A Tale of Two Choices Option 1 Option 2 Conservatives do nothing I0 - Utilize an effective issue fOnTl 3. Vehicle to Conduct Voter registration conduct voter registration ifiiferiesil rou continue their efforts utilizing: . . Conservative messaging registration and issue advocacy 'New Media memoots--Traditional grassroots -- Traditional media American Future Fund Where AF Will Concentrate - AFF proposes voter registration efforts in the following states: -- Colorado -- lndiana -- Iowa Minnesota -- New Hampshire -- New Mexico Via the web, AFF will also support a national registration effort enabling citizens outside those states to also be able to become a new registrant American Future fund The Solution The American Patriot Proiect -There is no greater debated public issue than that of what it means to be patriotic or what it means to be an American -Utilizing the Internet, New Media, and traditional media, AFF will seek to engage America in a discussion ofwhat patriotism means to them -This narrative will be conducted largely via the internet at "Patriotism, in part, means sacrifice and a willingness to die for one's country," said Benjamin Ginsberg, 21 Johns Hopkins University political scientist and co-author of "Downsizing Democracy." ifiL1tLire_ The Solution The American Patriot Project -The discussion will be commenced with a webvideo (perhaps run in select markets or via Google) that lays out different public leaders positions along with regular Americans thoughts on patriotism --}uxtapose public statements by candidates, governors, senators, and regular Americans that shows a cutting difference between what right and left think Obama campaign statement on wearing a flag pin: "We all revere the flag, but Senator Oboma believes that being a palrtot is about more than a symbol its about our veterans when they get home and speaking honestly with the /lmertcort people about this American Fund Plan of Action The PR plan will consist ofthe following: - Traditional Print Advertising - Select Online Advertising Select on-air advertising when appropriate (but limited) Placement of opinion-editorials, research findings, and press releases All buys will be supplemented by Google plan C30: rgle Google advertising will boost all commercial or print views online by embedding video and messages in online materials sorted by zip code ofend net user - This gives AFF the ability to better target their message; for example, internet users in Colorado will get a different message than New Mexico users. American Future Fund NetRoots Explained Netroots describes political activism organized through blogs and other online media, including wikis and social network services. 'Utilizing AFF's relationship withC0-lgle the issue ad will be integrated in as many places as desired (sorted by zip code ofthe end net user or nationwide. 'Ad screenshot will be inserted in news publications on the net as desired 'This ad would then be viewable via click ofthe end net user 'Program is able to be customized and diagnostics are trackable in real-time so AFF can see who is accessing the video and the level oftheir eventual activism -- ie did they register to vote or sign up as a grassroots volunteer 'This enables AFF to track the efficiency of PR spending in one area vs. another. Future Fund NetRoots AFF will work with conservative activist, issue and online communities to get them to link to yv31w.PatriotsVote.cong and embed video and print content to ensure widespread exposure. 'When a video is embedded, there will be an option for a concerned American to "click" and sign up to be an active participant in the voter registration drive in their state. Options will include: 'Sign a voter registration form 'Invite friends to register 'Organize registration drives in their community -Find registration drives in their community 'Write letters to the editor or opinion pieces about patriotism and why thcy're voting this election 'Volunteer to help register others in their state 'Contribute to help fund The American Patriot Project American Future Fund Deliverables - AFF will use the NetRo0ts campaign to compliment traditional grassroots campaigning in an effort to maximize voter contact. Grassroots Plan (applicable to each state) -- -Hire Voter Registration Director -Responsibilities will include: all public events --Organizing voter registration drives --Coordinating door to door and phone efforts --Updating state specific NetRoots component --Recruiting grassroots volunteers communication with local news media --Conduct Survey Research -identify and target new voter registrants -Find new coalitions and communities to reach out to American Future Fund Goals Voter Registration Numbers by State: 'C'.olorado 'lowa - -4,861,515 (=07 Est. pop.) -2,988,046 Est. pop.) '2,903,376 Reg. voters) -2.2 million on voter file -New Mexico -- -Minnesota '1,969,9l5 East. pop.) '5,l97,62l Est. pop.) -1 Reg. voters) -2,217,552 ('06 Reg. voters) -Indiana -- 'New Hampshire -- -6,313,520 Est. pop.) ?1,3l5,828 Est. pop.) -4,318,977 Reg. voters) ?830,000 ("08 WashPost est.) The American Patriot Project voter registration goal: 500,000 NEW voters "Fund Budget 8: Timeline $8.1 Million to execute a 6 month plan starting June 1, 2008 "see state by state budget proposals Colorado - $l.6m Iowa -- $l.lm New Mexico -- 1 . Minnesota -- $1.4m Indiana - $1.2m New Hampshire - $1 .25m 3} l6 21 registration 'American Fund Conclusion AFF will use The American Patriot Project to run an aggressive issue advocacy campaign using a NetRoots and traditional grassroots campaign to register conservative voters across the country. Currently there is no conservative vehicle filling the void between new media, the traditional media/grassroots campaign. The American Future Fund is poised and ready to fill that void. We cannot sit by and let liberals outmaneuver conservatives this year. Thank you for your consideration. The American Future Fund. Arnericiafn Future Fund Hi this is with the American Future Fund. Senator Chris Dodd was recently in the news because he saved $75,000 on two mortgages in a sweetheart deal from Now, he oversees the mortgage industry in the Senate, and is pushing a bill to give subprime lenders S300 biHion in taxpayer money. You heard right --that's $1,000 for every man, woman and child in the Connecticut. Call Chris Dodd at (202) 224-3121 and teli him to stop the mortgage bailout. Because you shouldn't be on the hook because greedy lenders got carried away. For more information call (515) 720-5250. More than 60 days have passed since the intelligence cornmunity was stripped of capabilities vital to keeping America safe. But Nancy Peiosi still refuses to act. On February 16th, the law that allows intelligence agencies to intercept new terrorist communications expired. The Senate voted to extend thelaw, passing a bipartisan bill that united political adversaries around the shared mission of protecting America. Nancy Pelosi refuses to pass the Senate's bill. despite strong bipartisan support and the urging of 21 Democratic members, who cautioned that continued failure to do so, "could place our national security at undue risk." (Letter from 21 House Democrats to Speaker Nancy Pelosi, According to top law enforcement officials, their fears have already been realized. Attorney General Michael Mukasey and Director of National Intelligence Michael McConnell wrote, "We have lost intelligence information this past week as a direct result of the uncertainty created by Congress' failure to act." (Letter from Michael Mukasey and Michael McConnell to House Intelligence Chairman Silvestre Reyes, 2/22/08) The House has played politics with national security for long enough. its time for Nancy Pelosi to pass the Senate's bipartisan terrorist surveillance bill and return to our intelligence agencies l-rmlc thou nnorl tn Lropn HQ um'? JULY 24, 2008 Brent Lowder Frontline Strategies, LLC PO. Box 4393 El Dorado Hills, CA 95762 Dear Eric: Upon Frontline Strategies, LLC acknowledgement and agreement as a Consultant and approval by American Future Fund this letter will set forth the terms and conditions of the Agreement between FLS and AF for professional consulting services to AFF. The primary duty will be to design and implement a fundraising strategy for AFF. FLS agrees to work with AFF staff and AFF in coordinating and implementing such fundraising strategy, and to provide status reports to AFF when requested. Additional description of the work and terms is provided in the attached proposal. In return for FLS Consuiting Services, AFF agrees to compensate FLS as follows: 10% of all funds raised for AFF through FLS efforts. Furthermore, AFF agrees to pay FLS an additional $50,000 bonus for each $l,000,000 raised for AFF through FLS efforts. The term of this Agreement shall commence on July 24, 2003 and shall conclude on June 30, 2009- AFF will reimburse to FLS business related travel or other expenses reasonably and necessarily incurred by FLS in connection with the performance of LS duties under the terms of this Agreement, provided that any expenditure in the amount of $25 or more shall be approved in writing by AFF. Fees and authorized expenses will be paid after the completion ofthe services rendered above and upon submission by FLS of invoices for services rendered and authorized expenses with accompanying receipts for any request reimbursements. During the course of this Agreement, may come into the possession of confidential inforrnation that pertains to AFF's business, including marketing records, mailing lists, strategies and procedures. FLS acknowledges that any and all information provided to, generated by, or otherwise becoming known to FLS its directors, officers, employees, Consultants, or agents in connection with or incident to this Agreement, is privileged and confidential information in any form, and FLS wili not retain, duplicate, or use any such information in any fashion or for any purpose. Confidential information will not be willfully or negligently divulged or made accessible to any third party. Confidential information as described above is the exclusive property of APP and will be immediately returned to AFF upon request or upon completion of FLS consulting services. All services rendered by FLS under the terms of this Agreement will be rendered in accordance with all applicable federal and state laws and regulations, including, without limitation, the Federal Election Campaign Act of 1971, as amended, and the Internal Revenue Code. During the term of this Agreement, FLS may provide services to other parties provided such services do not conflict with the interests of AFF for which FLS is performing Services under the terms of this Agreement, or otherwise interfere with the Services to be rendered under this Agreement. With respect to any work LS may perform for other parties where such work could be reasonably perceived to be in conflict with AFF, Consultant will keep AFF informed from time to time as to the identity of any such parties to whom FLS is providing services as well as providing information as to the nature and scope of activities FLS is providing for such parties. During the term of this Agreement, LS will refrain from any action or conduct which is inimical or opposed to the interests of AFF. FLS will advise AFF of any possible conflict of interest. FLS shall not at any time during the term of this Agreement, or for a period of 3 months immediately following the termination of this Agreement, for FLS or for any other person or entity, seek to perform or perform any services for any Committee, organization, or any other entity or person that has goals that are inimical to AFF. if this agreement is terminated prior to the termination date, this provision shall extend to a period of6 months following termination. It is understood that AFF will not be responsible for the payment of, or withholding ofi federal, state and/or local taxes, payroll taxes, Social Security taxes, health insurance, unemployment insurance, and any other similar personnel costs in connection with this Agreement. In connection with the performance of your duties under the terms of this Agreement, it is understood that you will not enter into any contract or agreement on behalf ofAF without the prior approval of the Board of Directors of AFF. it is further understood that the performance of duties and responsibilities under the terms ofthis Agreement will, at all times, be subject to the direction of the Board ofDirectors. Either party shall have the right to terminate this Agreement upon thirty (30) days prior written notice to the other. Notwithstanding the preceding sentence, AFF shall have the right to terminate this Agreement at any time in the event that FLS fails to perform Consultant's Services with the highest standards of skill and care or FLS is otherwise in breach of any of the terms of this Agreement. Nothing in this Agreement shall be construed to prevent the immediate termination of this Agreement for the unsatisfactoryjob performance by FLS, insubordination, dishonesty, or any other reason deemed to be appropriate by AF F. This Agreement and its performance shall be governed by and construed in accordance with the laws of the State of Iowa. The signatures ofthe parties affixed below will constitute acceptance ofthe terms of this Agreement. The terms set forth above constitute the full and complete agreement between the parties, and any modifications thereto must be agreed to by the parties, set forth in writing, and signed by the parties. Sincerely, . SCHLINGE PRESIDENT ACCEPTED AND AGREED TO: American ture Fund Frontline Strategies, LLC (CC 'wim- BY. A Bic") mgfifl NAME: Lawnm to ririttE; TITLE: DATE: DATE: 3.4' ggag Tax ID #26-2871981 HOLTZMANVOGEL prrc: Attorneys at La-to 98 Alexandria Pike Suite 53 Warrenton, VA 20186 p/S40-34 1 -8 808 f/S40-341-8809 August 22, 2008 Internal Revenue Service Exempt Organizations 31 Hopkins Plaza Baltimore, MD 21201 Attn: Mrs. Taylor Room 1420 Group 7880 RE: American Future Fund EIN 26--0620554 Dear Mrs. Taylor: In our response dated August 18, 2008, we indicated that the Board of Directors for American Future Fund was considering adding a youth representative on the Board. At a Board meeting on August 20, 2008, the Board elected Cord Overton to fill this position. The minutes of this meeting are attached. Mr. Overton will receive no compensation. His address is 2136 Lincoln Way, Ames, Iowa 50014. Please let us know if you require any more information about AF to complete your review of its application. We can be reached at (540) 341-8808. Sincerely, Karen Blackistone Under penalties of perjury, I declare that I have examined this information, including accompanying documents, and, to the best of my knowledge and belief the information contains all the relevant facts relating to the request for the information, and such facts are true, correct, and complete. Board Meeting American Future Fund Meeting Minutes Date of the Call: August 20, 2008 Present on the call: Nicole Schlinger Barbara Smeltzer Sandra Greiner 1. Call the Meeting to Order by President Schlinger 2. Discussion with new members about mission and plan from 2007-2010 Conservative issues voice Strong grassroots presence Strong internet connectivity Focus on free market issues 3. Discussion of young person to serve on the Board of Directors General discussion focused on having a young person to fill a role on the Board of the organization. This seat on the board will rotate every year or two to always allow for a college-aged voice to be present on the Board. a. Motion was made by Nicole Schlinger to nominate Cord Overton to fill that position. Motion was seconded by Sandra Greiner c. Vote to approve -- motion was unanimously approved. 4. Discussion on AFF National Energy agenda Online petition Email updates National focus on legislation Discussion of Gang of Ten policy proposal Discussion of S. 3202 Discussion of H.R. 6108 5. Upcoming meetings, events, etc. 6. Ask if there is any new business to discuss, or other issues to discuss -- none 7. Meeting adjourned 7:45pm a. Motion was made by Sandra Greiner b. Motion was seconded by Barbara Smeltzer Vote to approve motion was unanimously approved. Internal Revenue Service P.O. Box 13163 -- Room 1420 Baltimore, MD 21203 2008 Date: September 22, Department of the Treasury Employer Identification Number: 26--O6205S4 Person to Contact AMERICAN FUTURE FUND c/o Jill Holtzman Vogel -- Group 98 Alexandria Pike, Ste 53 Mrs. M. Taylor Warrenton, VA 20186 52 09549 Contact Telephone Numbers: Phone 4lO--962-Ol33 Fax Response Due Date: October 6, 2008 Dear Sir or Madam: Thank you for the information recently submitted regarding your application for exemption. Unfortunately, complete our consideration of your application Please provide the information requested due date shown above. Your response must is listed on the application. Also, the accompanied by the following declaration Under penalties of perjury, on the enclosure by the re- be signed by an officer I declare that I have examined we need more information before we can whose signed by an officer: this information, including accompanying documents, and, to the best of my knowledge and belief, the information contains all the relevant facts relating to the request for the information, and such facts are true, correct, and complete. To facilitate processing of your application, please attach letter to your response. If you do not provide the timely assume that you do not want will close your case. equested information in a us to consider your application If you do not respond to the information request by the due conclude that you have not taken all the steps necessary to application for exemption Under section 7428(b3{2) of the show that you have taken all the reasonable steps to obtain a copy of this manner, will further and date, we will complete your Code, you must your exemption letter under IRS procedures in a timely manner and exhausted your administrative remedies before you can pursue a declaratory judgment. Accordingly, if you fail enable us to act on your application, declaratory judgment under Code section 7428. to timely provide the information we nced to you may lose your right 3 CO3 Letun'233l Page 2 Name: American Future Fund If you have any questions concerning this matter, or you cannot respond by the due date, please contact the person whose name and telephone number are shown in the heading of this letter. Sincerely yours, M. Taylor Tax Law Specialist LO to Name: American Future Fund Additional Information Requested: 1. Please explain in detail where your fundraising proceeds will go. Will they go to any particular organizations or other entities? Explain fully. 2. Explain why it appear that your fundraisitg and voter re efforts are focused in the states of Colorado, Indiana, Iowa, these par 1 Be specific. -in; New Hampshire and New Mexico. What is the significance of states in relation to your organization and its activities? 3. Discuss whether your organization directly or indirectly funds plans to fund the 2008 Presidential election campaign. 4. Explain why your advertisements appear to be more partisan than non-partisan. 5. Discuss whether you are supporting or opposing through your grassroots lobbying a particular candidate for public office. PLEASE DIRECT ALL CORRESPONDENCE REGARDING YOUR CASE TO: US Mail: Street Address: Internal Revenue Service Internal Revenue Service Exempt Organizations Exempt Organizations P. O. Box 13163 31 Hopkins Plaza Baltimore, MD 21202 Baltimore, MD 21201 ATT: M. Taylor ATT: M. Taylor Room 1420 Room 1423 Group 7880 Group 7880 HOLTZMANVQGEL. PLLC :'l1'ro/vie) '5 at Lane 98 Alexandria Pike Suite 53 FACSIMILE COVER SHEET VA 30186 p/540-341-8808 f/540-34 I -8809 Nita. MlEIg5|o*r' Room DESTINATION FAX: (QM ~01 '5 3 l/721:" ?rl E7 PAGES (INCLUDING COVER): /"Crib Alflerifiatl H\l If all pages are not received, please call (540) 341-8808 immediately. DATE: Confidentiality Notice The documents accompanying this telecopy transmission contain confidential information belonging to the sender which is legally privileged. The information is intended only for the use of the individual or entity named above. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution or the taking of any action in reliance on the contents of this telecopied information is strictly prohibited. If you have received this telecopy in error, please immediately noiifiz us by telephone to arrange for return of the original documents to us. HOLTZMANVOGEL PLLC A tforrzeys at 1.4202 98 Alexandria Pike Suite 53 Warrenton, VA 20186 -8808 f/540-341 -8809 October 6, 2008 Internal Revenue Service Exempt Organizations 31 Hopkins Plaza Baltimore, MD 21201 Attn: Mrs. Taylor Room i420 Group 7880 RE: American Future Fund EIN 26--0620554 BY FAX AND FED EX Dear Mrs. Taylor: This is in response to your letter dated September 22, 2008. A 501(c)(4) organization is permitted to engage in an unlimited amount of lobbying activity, including grassroots lobbying. American Future Fund advocates for conservative and free market ideas, has and will continue to educate the public about these issues, and engage in lobbying activity. AF did not feel that the conservative and free market voice was adequately represented in the public debate on legislative issues, in particular: national security, the economy, and energy independence. AF focuses on to decisions that are being made by Congress today, particularly about energy policy and economic security and the legislation currently pending on these subjects, which will have a significant impact on the public for years to come. 1. Please explain in detail where your fundraising proceeds will go. Will they go to any particular organizations or other entities? Explain fully. American Future Fund plans to use its fundraising proceeds exclusively in furtherance of its own activities. To date, AFF has not made any contributions or grants to any other organization or entity. AFF currently has no plans to support or fund any other organizations or entities and l00% of AF 's funds go directly towards activities, as described to the IRS. APP will continue to use its funds to educate the public and advocate for policy changes consistent with its stated policy goals. 2. Explain why it appears that your fundraising and voter registration efforts are focused in the states of Colorado, Indiana, Iowa, Minnesota, New Hampshire and New Mexico. What is the significance of these particular states in relation to your organization and its activities? Be specific. AFF's fundraising activities are not focused on the states listed above. AFF's fundraising efforts are targeted to individuals and organizations nationwide that support AFF's policy positions, regardless of their location, and are not based on any geographic criteria. AFF has received donations through its website from all over the country and from larger donors nationwide. The voter registration grant proposal was provided to the IRS in response to your request for "all written fundraising materials." This document was prepared for a specific donor who expressed an interest in funding a voter registration drive in the states mentioned. However, AFF was not awarded this grant, and therefore did not participate in these actlvities. 3. Discuss whether your organization directly or indirectly funds or plans to fund the 2008 Presidential election campaign. AFF does not directly or indirectly fund the 2008 Presidential election campaign. None of the grassroots issues advertising paid for by AFF has mentioned or referred to any candidate for President or Vice President. Furthermore, AF will not engage in any paid advertising activity that mentions or refers to any candidate for President or Vice President in 2008. Although there have been occasional links to news articles that mention the presidential candidates on AFF's blog, any discussion of the candidates on AFF's blog by AFF will be strictly as a result oftheir position as sitting United States Senators who are voting on important legislative issues currently pending before the Senate. AFF is a strictly issues-focused organization. Thus far, the organization has focused on many legislative issues, most notably energy independence, economic policy, and national security. In both ofthese cases, the organization has engaged in educational activities and grassroots issues lobbying directed at numerous members of the United States Senate and House of Representatives from both political parties. Even though both of the major party candidates for President are leading members of the United States Senate and could have a significant impact on policy action taken by Congress in their capacity as Senators, AF has not engaged in any activities to influence the votes of either of these sitting United States Senators on pending legislative issues primarily because of their status as presidential Candidates. 4. Explain why your advertisements appear to be more partisan than non- partisan. AF 's efforts are strictly issue based and non-partisan. AF has engaged in aggressive lobbying efforts directed at Members of Congress, regardless of party affiliation, whose positions are in opposition to its policy principles. For example, AF has aired grassroots issue advertisements on the subject of energy policy that disagreed with the policy positions of seven sitting United States Senators and urging them to change position. Of these, four were Republicans and three were Democrats. As demonstrated by this example, policy advocacy is conducted in a non-partisan manner. AFF's grassroots advertising focuses on issues and legislation based on the significance of the issue and the nexus between the issue and AFF's core conservative and free market principles. AF directs its grassroots issue advertising efforts at key lawmakers that have an opportunity to impact the policy discussion, based on their position on the issue, relative decision making power, and the likelihood that AFF's message will resonate with the individual and impact their position on the issue. For example, in the summer of 2008 AFF engaged in efforts to lobby Congressman Mark Udall, an influential member of the House Committee on Natural Resources from Colorado, a state with significant oil shale resources. As a result of AFF's issue advertising and grassroots efforts to lobby Congressman Udall, he reversed his position on oil drilling. See, "Udall Reverses Opposition to Offshore Drilling" available at (originally published August 14, 2008). considers this a successful lobbying effort. Finally, the United States Supreme Court, in Wisconsin ighr I0 Life Federal Election Commission, 127 S. Ct. 2652 (2008), considered advertising aired by Wisconsin Right to Life, another 501(c)(4) organization. AFF has carefully respected the test outlined by the Supreme Court in this case and its advertising constitutes genuine issue advertising, as defined by the Supreme Court. Chief Justice Roberts described "genuine issue ads" as follows. First, their content is consistent with that ofa genuine issue ad: The ads focus on a legislative issue, take a position on the issue, exhort the public to adopt that position, and urge the public to contact public officials with respect to the matter. Second, their content lacks indicia of express advocacy: The ads do not mention an election, candidacy, political party, or challenger; and they do not take a position on a candidate's character, qualifications, or fitness for office Id. at 2667. advertisements always focus on legislative issues, take a position on the issues, and exhort and encourage the public to contact the public official about the pending issues. None of AFF's issue advertisements have mentioned an election or the status ofthe individual mentioned in the issue ad as a candidate for office. In fact, many the officeholders referred to in AF F's issue advertisements are not candidates in the 2008 election, and of the numerous issue ads, only two have mentioned a challenger or a political party. AFF's advertisements have never commented on a candidate's character, qualifications or fitness for office. 5. Discuss whether you are supporting or opposing through your grassroots lobbying a particular candidate for public office. AFF does not support or oppose any candidate for public office. AFF is strictly a grassroots lobbying organization focused on important public policy issues and committed to a conservative and free market viewpoint. As discussed above, AF F's grassroots issue advocacy fits within the Supreme Court's definition of "genuine issue ads." activities are directed toward influencing key votes by Congress on these issues, not supporting or opposing any candidate for public office. In the current climate, where energy policy is striking at the heart of Americans' pocket- books and problems on Wall Street are affecting businesses on Main Street, AFF understands that the general public is increasingly aware of the decisions currently being made by Congress and the impact these decisions have on their daily lives. AFF believes that it can play an important role in educating the public about these significant issues and contribute to the national discussion about the best solutions for the country. Sincerely, Karen Blackistone Under penalties of perjury, I declare that I have examined this information, including accompanying documents, and, to the best of my knowledge and belief the information contains all the relevant facts relating to the requestfor the information, and such facts are true, correct, and complete. Internal Revenue Service Department of the Treasury P.0. Box 13163 - Room 1420 Baltimore, MD 21203 Date: October 14, 2008 Employer Identification Number: 26--O620554 AMERICAN FUTURE FUND Person to Contact -- Group Jill Holtzman Vogel Mrs. M. Taylor 98 Alexandria Pike, Suite 53 52-09549 Warrenton,VA 20186 Contact Telephone Numbers: 410--962--9525 Phone 410--962--O133 Fax Response Due Date: October 28, 2008 Dear Sir or Madam: Thank you for the information recently submitted regarding your application for exemption. Unfortunately, we need more information before we can complete our consideration of your application Please provide the information requested on the enclosure by the response due date shown above. Your response must be signed by an officer whose name is listed on the application. Also, the information you submit should be accompanied by the following declaration signed by an officer: Under_penalties of_perjury, I declare that I have examined this information, including accompanying documents, and, to the best of.my knowledge and belief, the information contains all the relevant facts relating to the request for the information, and such facts are true, correct, and complete. To facilitate processing of your application, please attach a copy of this letter to your response. If you do not provide the requested information in a timely manner, we will assume that you do not want us to consider your application further and will close your case. If you do not respond to the information request by the due date, we will conclude that you have not taken all the steps necessary to complete your application for exemption Under section 7428(b)(2) of the Code, you must show that you have taken all the reasonable steps to obtain your exemption letter under IRS procedures in a timely manner and exhausted your administrative remedies before you can pursue a declaratory judgment. Accordingly, if you fail to timely provide the information we need to enable us to act on your application, you may lose your right to a declaratory judgment under Code section 7428. Leuer2382 Page 2 Name: American Future Fund If you have any questions concerning this matter, or you cannot respond by the due date, please Contact the person whose name and telephone number are shown in the heading of this letter. Sincerely yours, W1 777"/\ (M M. Taylor Tax Law Specialist Page 3 Name: American Future Fund Additional Information Requested: Please have an officer, director, or trustee sign the Penalty of Perjury declaration. The Power of Attorney is not authorized to sign the declaration on behalf of the taxpayer. Please see the attached excerpt from Revenue Procedure 2008-4. PLEASE DIRECT ALL CORRESPONDENCE REGARDING YOUR CASE TO: US Mail: Street Address: Internal Revenue Service Internal Revenue Service Exempt Organizations Exempt Organizations P. O. Box 13163 31 Hopkins Plaza Baltimore, MD 21202 Baltimore, MD 21201 ATT: M. Taylor ATT: M. Taylor Room l420 Room 1420 Group 7880 Group 7880 DECLARATION OF AMERICAN FUTURE FUND (Legal name of organization) Under penalties of perjury, I declare that I have examined this information, including accompanying documents, and, to the best knowledge and belief, the information contains all the relevant relating to the request for the information, and such facts are correct, and complete. Correspondence dated: August 18, 2008 August 22, 2008 October 6, 2008 Signature and Title of Officer, Director, or Date Trustee of my facts true, REVENUE PROCEDURE 2008-4 EXCERPTS RE: PENALTIES OF PERJURY STATEMENT SECTIONS 9.02(l 3) AND 1 1.04 SECTION 9. WHAT ARE THE GENERAL INSTRUCTIONS FOR REQUESTING LETTER RULINGS AND DETERMINATION Certain information required in all requests .02 Penalties of perjury statement (13) Penalties of perjury statement. Format of penalties of perjury statement. A request 'rL;ling -or-_determi_nation "letter and -any change in the -request submitted -at-a later t_ime "by? the following declaration: "Under penalties of perjury, I declare that have examined this request, or this modification to the request, including accompanying documents, and, to the best of my knowledge and belief, the request or the modification contains all the reIe\_Iant__facts relating to the request, and such facts are true, correct, and complete." See s_e__ction_ 11.04-ofpthis revenue procedurefor.the,penaltifes ofsperjury statement applicable for? subrhi'ss'i'o_rE1s information. Signature by taxpayer. The declaration mustbe sigined and-d"at-ed by the- not the taxpayer's.representative. Neither a stamped signature nor a faxed signature is_.pe_rmitte_d.- The person whosigns for a corporate taxpayer must be an officer ofzthe corporate taxpayer who has pers'on"a| knowlerdge of the facts, an_d whose dutiesiare not limited .to'obtaining -a letter ruling or determination the Service. If the corporate taxpayer is a member of an affiliated group filing consolidated returns, a penalties of perjury statement must also be signed and submitted by an officer of the common parent of the group. The person, signing for a trust, a state law partnership, or a limited liability compa_ny_must be, respectively, a trustee, general-partner, or member-manager who has- personal knowledge of the facts. SECTION 11. HOW DOES EP OR EO TECHNICAL HANDLE LETTER RULING Requires prompt submission of additional information requested after initial contact .04 Material facts furnished to the Service by telephone or fax, or orally at a conference, must be confirmed by letter to the Service. This confirmation and any additional information requested by the Service that is not part of the information requested during the initial contact must be furnished within 21 calendar days to be considered part of the request. Additional information submitted to the Service must be accompanied by the following declar_atio_n: "Under penalties of perjury, I declare that I have examined this information, including accompanying documents, and, to the best of my knowledge and belief, the information contains all the relevant facts relating to the requestfor the information, and such facts are true, correct, and complete." This declaration must be signed in accordance with the requirements in section of this revenue procedure. A taxpayer who submits additional factual information on several occasions may provide one declaration subsequent to all submissions that refers to all submissions. HOLTZMANVOGEL pm; {xi l'Ilw ii V.-K Lil l35--if,l 34% October 17, 2008 Intemal Revenue Service Exempt Organizations 31 Hopkins Plaza Baltimore, MD 21201 Attn: Mrs. Taylor Room 1420 Group 7880 RE: American Future Fund BIN 26--O620554 BY FAX Dear Mrs. Taylor: Please find the Penalty of Perjury declaration for American Future Fund, signed by its President, Nicole Schlinger. An original will follow by Fed Ex, however we anticipate that it will take several days for us to receive the original from the organization. If you have any questionsfurther assistance in this matter, please don't hesitate to contact me. Sincerely, Karen Blackistone 64:9? BE IGN FCJTIIRE. (Lawn: ama pf puna?r;c? &?Tgaxjur?; 3 flaniarg th&t I &aw@ examined :55; dneumenza, ana. ca bra: nf my -1 r'ea'rel&aia2 ta th? rmafiert far the anicrmdiian. and such facts age zruwg anfi fiatad: Amawsr T8. 203 Auggat 32. 20a? fi amtaba: Efififl - .e e? Oifiss ugre fl ti?' fir, fiirestma. or Dr'! '"371 'Will? I 2' 3 1:1" ft" INTERNAL REVENUE SERVICE DEPARTMENT OF THE TREASURY P. 0. BOX 2508 CINCINNATI, OH 45201 Employer Identification Number: Date: QQT 242003 25--o62o554 DLN: AMERICAN FUTURE FUND 17053080312018 JILL HOLTZMAN VOGEL Contact Person: 98 ALEXANDRIA PIKE STE 53 MRS. M. TAYLOR 52449 WARRENTON, VA 20186 Contact Telephone Number: (877) 829-5500 Accounting Period Ending: December 31 Form 990 Required: Yes Effective Date of Exemption: August 7, 2007 Contribution Deductibility: No Dear Applicant: We are pleased to inform you that upon review of your application for tax- exempt status we have determined that you are exempt from Federal income tax under section 501(c)(04) of the Internal Revenue Code. Because this letter could help resolve any questions regarding your exempt status, you should keep it in your permanent records. Please see enclosed Information for Organizations Exempt Under Sections Other Than 501(c)(3) for some helpful information about your responsibilities as an exempt organization. We have sent a copy of this letter to your representative as indicated in your power of attorney. Sincerely, Robert Choi Director, Exempt Organizations Rulings and Agreements Enclosure: Information for Organizations Exempt Under Sections Other Than 501(c)(3) Letter 948 AMERICAN FUTURE FUND INFORMATION FOR ORGANIZATIONS EXEMPT UNDER SECTIONS OTHER THAN WHERE TO GET FORMS AND HELP You can obtain forms and instructions by calling toll free 1-800-829-3676, through the IRS Web site at and at local tax assistance centers. You can obtain additional information about most topics discussed below through our customer service function by calling toll free 1-877--829--5500, or on our Web Site at In addition, you should Sign up for Exempt Organization's E0 Update, a regular e-mail newsletter that highlights new information posted on the charities pages of irs.gov. To subscribe, go to and click on Newsletter." REPORTING CHANGES TO THE IRS You must report changes in your name, address, purposes, operations or sources of financial support on your annual information return. You may also report these changes to the Exempt Organizations Determinations Office at the following address: Internal Revenue Service, P.O. Box 2508, Cincinnati, OH 45201. However, such reporting does not relieve you of the obligation to report the changes on your annual return. TIP: Attach copies of any state certified articles of incorporation, or if an association signed constitution, bylaws, or other organizational document showing the changes. Trusts should provide trust instruments. If state certified copies or signed governing documents are not available, an authorized officer may certify that the governing document provided is a complete and accurate copy of the original document. Please use your employer identification number on all returns and in all correspondence with the Internal Revenue Service. FILING REQUIREMENTS In your exemption letter, we indicated whether you must file Form 990, Return of Organization Exempt From Income Tax. If your exemption letter states that you are not required to file Form 990, you are exempt from these requirements. Otherwise, if your gross receipts are normally more than $25,000, you must file Form 990 or Form 990--EZ with the Ogden Submission Processing Center, Ogden, UT, 84201-0027. You are eligible to file Form 990--EZ if your gross receipts are normally between $25,000 and $100,000, and your total assets are less than $250,000. You must file the complete Form 990 if your gross receipts are over $100,000, or your total assets are over $250,000. The Form 990 instructions show how to compute your "normal" receipts. Letter 948 AMERICAN FUTURE FUND Organizations With Gross Receipts of $25,000 or Less For tax periods beginning after December 31, 2006, you must file an annual electronic Form 990-N ("e-Postcard") if your gross receipts are normally $25,000 or less. Alternatively, you may file a complete Form 990 Package if we send one to you. For information on filing the new electronic Form 990--N visit our Web site at Due Date of Return or Annual Electronic Notice Your return or annual electronic notice is due by the 15th day of the fifth month after the end of your annual accounting period. There are penalties for failing to file a complete return timely. For additional iniormaton on penalties, see the Form 990 instructions or call our toll free number. Revocation of Tax-Exempt Status For tax periods beginning after December 31, 2006, your tax--exempt status will be revoked as of the filing due date for the third year if you fail to file for three consecutive years Form 990, Form 990--EZ, or the electronic Form 990--N. If your tax--exempt status is revoked because you failed to file, you must reapply for exemption and pay the appropriate user fee. UNRELATED BUSINESS INCOME TAX RETURN If you receive more than $1,000 annually in gross receipts from a regular trade or business, you may be subject to Unrelated Business Income Tax and required to file Form 990--T, Exempt Organization Business Income Tax Return. Special rules for organizations exempt under sections 501(c)(7), (9), (17) and (19) are described in Publication 598, Tax on Unrelated Business Income of Exempt Organizations. There are several exceptions to the tax on unrelated business income: 1. Income you receive from the performance of your exempt activity, 2. Income from fundraisers conducted by volunteer workers, or where donated merchandise is sold, and 3. Income from routine investments such as certificates of deposits, savings accounts, or stock dividends. There are special rules for income derived from real estate or other investments purchased with borrowed funds. This income is called "debt financed" income. For additional information regarding unrelated business income tax, see Publication 598, Tax on Unrelated Business Income of Exempt Organizations, or call our toll free number shown above. PUBLIC INSPECTION OF APPLICATION AND INFORMATION RETURN Letter 9&8 AMERICAN FUTURE FUND You are required to make your annual information return, Form 990 or Form 990-EZ, available for public inspection for three years after the later of the due date of the return, or the date the return is filed. You are also required to make available for public inspection your exemption application, any supporting documents, and your exemption letter. You must also provide copies of these documents to any individual, upon written or in person request, without charge other than reasonable fees for copying and postage. You may fulfil] this requirement by placing these documents on the Internet. Penalties may be imposed for failure to comply with these requirements. Additional information is available in Publication 557, Tax-Exempt Status for Your Organization, or call our toll free number shown above. EXCESS BENEFIT TRANSACTIONS (Applies to 501(c)(4) organizations) Excess benefit transactions are governed by section 4958 of the Code. Excess benefit transactions involve situations where a section 501(c)(4) organization provides an unreasonable benefit to a person who is in a position to exercise substantial influence over the organization's affairs. If you believe there may be an excess benefit transaction in which you are involved, you should report the transaction on Form 990 or Form 990-EZ. For information on how to correct and report this transaction, see the instructions for Form 990 and Form 990-EZ, or call our toll free number shown above. EMPLOYMENT TAXES If you have employees, you are subject to income tax withholding and the social security taxes imposed under the Federal Insurance Contribution Act (FICA). You are required to withhold Federal income tax from your employee's wages and you are required to pay FICA on each employee who is paid more than $100 in wages during a calendar year. To know how much income tax to withhold, you should have a Form W-4, Employee's Withholding Allowance Certificate, on file for each employee. You are also liable for tax under the Federal Unemployment Tax (FUTA) for each employee you pay $50 or more during a calendar quarter if, during the current or preceding calendar year, you had one or more employees at any time in each of 20 calendar weeks or you paid wages of $1,500 or more in any calendar quarter. Employment taxes are reported on Form 941, Employer's Quarterly Federal Tax Return. The requirements for withholding, depositing, reporting and paying employment taxes are explained in Circular E, Employer's Tax Guide, (Publication 15), and Employer's Supplemental Tax Guide, (Publication 15--A). These publications explain your tax responsibilities as an employer. Letter 948