Indiana § 4-32.3-2-7 "Bona fide national foundation"

Indiana Statutes

§ 4-32.3-2-7 — "Bona fide national foundation"

Indiana § 4-32.3-2-7

Art. 32.3CHARITY GAMING

Ch. 2Definitions

This text of Indiana § 4-32.3-2-7 ("Bona fide national foundation") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 4-32.3-2-7 (2026).

Text

"Bona fide national foundation" refers to an organization that:

(1)operates without profit to the organization's members;

(2)is exempt from taxation under Section 501 of the Internal Revenue Code;

(3)is related in both its mission and organization to a bona fide national organization; and

(4)has provided grants to Indiana organizations in aggregate amounts that annually exceed fifty thousand dollars ($50,000) in the preceding calendar year in which the organization applies for a license under this article.

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"Bona fide national foundation" refers to an
organization that:
(1) operates without profit to the organization's members;
(2) is exempt from taxation under Section 501 of the Internal
Revenue Code;
(3) is related in both its mission and organization to a bona fide
national organization; and
(4) has provided grants to Indiana organizations in aggregate
amounts that annually exceed fifty thousand dollars ($50,000) in
the preceding calendar year in which the organization applies for
a license under this article.