top of page
Invest in our Walled Lake Schools Parental Opt Out Litigation case
Frequently asked questions
Three Stones LLC is a non-profit organization, organized as a fiscal sponsorship of Great Schools Initiative. Five Stones Legal Defense Fund is a company that is awaiting its non-profit status via the IRS.
As is both legal and common, a fiscal sponsorship is used in the interim while the official 501c3 status is pending and once the non-profit status is completed then the Fiscal Sponsorship is dissolved and the new 501c3 non-profit takes over.
If you have a well defined legal project that includes:
• Project Summary
• Value Proposition for Investors - what will the project accomplish and how will it impact the broader culture?
• Well defined milestones with expense projections and clearly defined outcomes at each milestone
• A legal firm with a defined litigation plan with experience in litigation against the government
• A non-profit sponsor that will assist with organizing your community that is impacted
If you meet these requirements you can submit a written proposal to our review board and we will review and respond.
Yes, Five Stones LLC is a Fiscally Sponsored corporation of Great Schools Initiative. It inherits the 501c3 tax deductible status of the parent organization. Your donation receipt will show both the name of Five Stones LLC and Great Schools Initiative. The Great Schools Initiative is a registered 501c3 non-profit with an EIN of 92-0287286 .
Yes, many of our investors utilize donor advised funds. The fund will be able to find our Fiscal Sponsor (Great Schools Initiative EIN 92-0287286). Most donor advised funds will allow you to specify the donation if you wish. The donor advised fund will provide you receipt for tax exemption purposes.
bottom of page

