SI KC01120.203 Nonprofit Status of Pooled Trusts in the KC Region (RTN 09 07/2009)
One criteria in SI 01120.203B.2.c. a pooled trust must have in order to meet the trust exception is that the trust must be established by a nonprofit association. SI 01120.203F. requires that unless there is a regional precedent a copy of the State nonprofit certification or IRS section 501(c) tax-exempt certification must be obtained from the organization.
B. Precedent for ARCare, Missouri Family Trust, and Midwest Special Needs Trust
The Kansas City Regional Office has verified that the pooled trust organizations below are nonprofit associations as defined in Section 501(c) of the Internal Revenue Code and have tax exempt status.
ARCare, Overland Park, Kansas
Midwest Special Needs Trust, Columbia, Missouri
Missouri Family Trust, Columbia, Missouri
NOTE: Midwest Special Needs Trust was formerly known as Missouri Family Trust. Midwest Special Needs Trust is now a doing-business-as (dba) title. Trusts using either name are covered by this precedent.
Document this on the DROC in MSSICS or on EVID for non-MSSICS cases.