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CAUTION

Churches and private foundations aren’t eligible to make this section 501(h) election.

Line 7. Intellectual property includes the following:

• Patents (for inventions);

• Copyrights (for literary and artistic works such as novels, poems, plays, films, musical works, drawings, paintings, photographs, sculptures, architectural designs, performances, recordings, film, and radio or television programs);

• Trade names, trademarks, and service marks (for symbols, names, images, and designs); and

• Formulas, know-how, and trade secrets.

Line 8. These activities involve the education of the consumer on budgeting, personal finance, financial literacy, mortgage foreclosure assistance, or other consumer credit areas. These activities may also involve assisting the consumer in consolidating debt and negotiating between debtors and creditors to lower interest rates and waive late and over-limit fees. If you answer “Yes,” you may be subject to the requirements of section 501(q). Search “501(q)” on IRS.gov for information on these requirements and whether they apply to you.

Line 9. A “relationship” between you and the recipient organization includes the following situations.

• You control the recipient organization, or it controls you through common officers, directors, or trustees, or through authority to approve budgets or expenditures.

• You and the recipient organization were created at approximately the same time and by the same persons.

Line 12. A “school” is an educational organization whose primary function is the presentation of formal instruction and which normally maintains a regular faculty and curriculum and that normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on. A school may include the following.

• Primary, secondary, preparatory, or high school.

• College or university.

• Trade or technical school.

• Nursery or pre-school.

• School that you operate as an activity, such as a school that is operated as an