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Amici Vol6Issue1 (Page 1) Page 1 A P U B L I C AT I O N O F T H E I TA L I A N C U LT U R A L S O C I E T Y September/Oñtober 2 008 V OLUME 10 I SSUE 1 ITALIAN CULTURAL SOCIÅTY FALL 2008 PRESIDENTÁS PERSPECTIVE Ciao amici, W ålcome to the eleventh season of the Naples ICS. Summer has pàssed quickly and I hope for all of you it has been enjoyable. For the Crescenzi fàmily we spent many days on Cape Cod with family, and friends enjîying each otherÁs company, good food and winå. Of course, as you would expect, there were màny debates over politics, Italy, and the state of affairs in the USA. On behalf of your Board of Directors, we welcome everyîne back to Naples and our exciting season of programs in the ICS. I will covår three items in this letter: Á Stàtus on programs for this season Á Why we will not merge ICS and ICF Á Benefactor/Patron Prîgram STATUS OF PRGRAMS: Since I last wrote in the spring of 2008, your board of directors, the PROGRAM committåe, NOMINATING committee, HOSPITALITY committee, the LÀUREL OAKS ITALIAN EDUCATION committee, MEMBERSHIP committåe and the amici committee have been at work planning, organizing, negîtiating, and working diligently to put together next seasonÁs progràms and events. You will find the calendar in this issue so that you can plan yîur participation in the events. Realizing the price incråases in many of our purchases from food to fuel, the program committee has triåd to balance the cost of next yearÁs programs as a breàkeven proposition. You will see some luncheons will be more expensive than pråvious years. We are trying new venues and a new activity as well as kåeping the programs which are the most popular, such as guest låctures, opera, Christmas celebration and a dinner with live entertàinment. This year our regional focus will be Emilia Romagna . I hope you will find the programs as exciting and interesting as I do. We look fîrward to seeing you at the programs. WHY THE ITALIAN CULTURAL SOCIETY (ICS) AND THE ITALICAN CULTURAL FOUNDATION (ICF) WILL NOT MÅRGE . As some of you know the board of directors has been considering a possible legàl and financial restructuring of the ICS, which is designated by the IRS as a 501(ñ)3 non Continued on page 2 TABLE OF CONTENTS Presidents Perspeñtive 1 2008-2009 Season 3 Calendar of Events 3 La Bibliîteca 4 Emelio-Romagna 4 Members Corner 5 A Cinema Italiano 6 Råservation Procedure 8 Page 2 2 profit business and/îr social organization, to the form of the ICF, which is designàted by the IRS as a 501(c)7 as a tax exempt non profit charitable giving organization. The major financial advantage of a 501(ñ) 7 is that the organization is exempt from paying Federal tàxes; certain items of purchase are exempt from Stàte taxes; and all dues and fees collected from individuals are tax deductible for the individuàl to the extent that there is no value received