Project 76 -- An American Affair, Inc.




The Project 76 Operating Unit, Program Model (Prototype) for Supporting Non-Profit Sector, Charitable and Distressed Area Redevelopment Initiatives, National and International:

Strictly, by way of example, our most recent operating-unit field model makesenabling the American people to support and operate charitable and depressed area redevelopment initiatives in Katrina ravaged New Orleans, Louisiana, "An American Affair" for Project 76.

That is, facilitating American donations of Tax Code Section 170(e)(3), special rule, inventory and equipment to support the locally determined recovery and rebuilding priorities of the people of New Orleans.

Project 76 role will be:

Identifying and bridging the gaps in New Orleans', existing, non-profit-sector, logistics infrastructure;

Integrating existing New Orleans, non-profit sector logistics infrastructure with that of the for-profit sector (where business sector logistics infrastructure already exists);

Dramatically increasing the scale of resources available to New Orleans' non-profit sector;

Underwriting logistics, distribution and training expenses for New Orleans' non-profit-sector that are not currently covered by the Federal income-tax deduction available to American manufacturers, under Tax Code Section 170's, special rule provision;

Streamlining the entire inventory and equipage request, donation and just-in-time delivery process for participating American manufacturers; and

Launching, administering, developing and partnering with local, national and international charitable, economic redevelopment and other initiatives, in order to guarantee sufficient new, long-term demand for inventory and equipage donations that utilize Project 76's new, "Inventory-Intermediary Operating Model," and that create and sustain the "economies of scale" necessary in order for business sector/non-profit sector collaborations to benefit the "bottom lines" of participating manufacturers.

The Project 76 Fundraising "Event" Model

To date, the exclusive fundraising "event" model utilized by Project 76 is "charity golf."

For example: Our second "It's A Golf Thing" effort, in as many years, will help finance a Washington, D.C., National Memorial on the Mall for the late, Dr. Martin Luther King, Jr.

And will feature male and female golf professionals; male and female movie stars; TV and radio hosts; famous public speakers; motion-picture directors and producers; musicians; models; kid stars; authors; male and female athletes; and public school teachers.

i.e., The 1st Annual MLK-ROSA PARKS Golf Extravaganza and Celebrity Invitationalis a "Tour Challenge Season" series of events, featuring 10, "Made for TV," charity golf tournaments and related fundraising activities.

It will take place over a 6 week period and culminate every year in 8 consecutive days of PGA and LPGA championship golf. Also, it boasts the Richest Purse in golf, the Richest 1st Prize in golf, and the 1st ever Pay-Equity cash prizes for male and female TOUR champions competing in separate PGA and LPGA tournaments at the same venue.

To See Golf Extravaganza and Celebrity Invitational Booklet Click

The Inventory Intermediary Operating Model

While Project 76 recognizes that the American manufacturers and innovative Wal-Marts of the world (from whom it must seek cooperation) have shareholders and are not charities, these groups are nonetheless critical to our logistics resource being able to efficiently identify, organize, catalog and deliver available resources in time to save the lives that depend on them.

For that reason, Project 76 has developed a new inventory-intermediary operating model for Tax Code, Section 170(e)(3) inventory, and has invited the Executive Office of the President to alert the Department of the Treasury and the IRS, Office of the Chief Counsel (which was done as of September 28, 2005) to the fact that Project 76 will request IRS guidance, in connection with that new model, for all American manufacturers and operating charities.

Additionally, officers at the highest levels in the offices of the National Association of Manufacturers, are equally aware in this connection.

And, for the record, prior to that IRS, Office of Chief Counsel, Project 76 will consult the Wal-Marts of the world, as well as survey American manufactures and other stakeholders for their views, experience, suggestions and operating preferences.

Also, we will endeavor to make the case for the fact, in Project 76's opinion, that the new, non-profit-sector, supply channel, given sufficient scale, will have a measurable favorable impact on the global competitiveness of the our economy because it will:

Seed new markets abroad with American products;

Preserve manufacturing jobs at home;

Help manufacturers, processors, distributors, warehouse clubs and retailers leverage their existing costs;

Enable American companies to satisfy taxes payable on profits with product;

Overcome the other obstacles that have kept US Tax Code Section 170(e)(3) - as amended by the Jobs Creation Act of 2004 - from reaching what is its true potential; and because it will in the critical decade ahead,

Broaden the association of the American people with the good being done, wherever good is being done, anywhere in the world.

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