Nra Special Contribution Fund Nra Whittington Center

“This response explains why the whittington center may solicit or receive assets that some donors intend to be sold rather than maintained permanently. When donors intend their firearms or related collectibles to be sold rather than held for exhibition or research in the collections of the frank brownell museum of the southwest (or other nra museums), the organization fulfills those wishes. Donors may choose to have guns sold for various reasons, such as to support current program services or to fund a charitable gift annuity or charitable trust. The philanthropic intent of each donor determines how a gift is handled.”

“The frank brownell museum of the southwest and the bud and willa eyman research library display gifts and other educational items donated and loaned by supporters. The nra museums, including the frank brownell museum of the southwest at the whittington center in raton, new mexico, promote gun collecting and the preservation of history through firearms. To make the nra museums the finest possible resource for the public, the nra and its affiliated charities, including the frank brownell museum of the southwest at the whittington center, rely on generous supporters to build the exhibition and research collections through contributions of historically significant firearms.”

“The nra whittington center endowment supports whittington center program services devoted to gun safety, firearms education, and training.”

“THIS RESPONSE PROVIDES THE TEXT OF THE FOOTNOTE TO THE ORGANIZATION'S FINANCIAL STATEMENTS IN ACCORDANCE WITH FASB ASC 740. The Fund is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code and from state income taxes. In addition, the Fund is not classified as a private foundation. The Fund follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Fund may recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management evaluated the Fund's tax position and concluded that the Fund had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. Tax years from 2016 through the current year remain open for examination by tax authorities.”

“Cost of Goods Sold - 506211 Change in split interest agreement - -13281”

“Cost of Goods Sold - 506211”