ICTA Appoints Seven to Non-profit Foundation Board

Scott SpitzerThe Board of Directors of the Industry Council for Tangible Assets has appointed seven industry leaders to guide the Anti-Counterfeiting Educational Foundation (ACEF), the non-profit organization recently formed to receive contributions to support the work of its Anti-Counterfeiting Task Force.

Scott Spitzer, chief executive officer of Manfra, Tordella & Brookes, Inc., will serve as president. Officers joining him will be Gary Linthicum of Universal Coin and Bullion, who will serve as vice president; Greg Allen of Greg Allen Coins as secretary; and Philip N. Diehl of U.S. Money Reserve as treasurer. Other board members include Robert Brueggeman, executive director of the Professional Numismatist Guild; Larry Baber, treasurer of the American Numismatic Association, and Robert Harwell of Hancock & Harwell Rare Coins.

ICTA’s board of directors approved the formation of the new non-profit for the purposes of receiving contributions from individuals, other 501(c)(3) organizations, local and regional coin clubs, grants, eBay for Charities, and government agencies. Those desiring to donate to the non-profit foundation should make checks payable to the Anti-Counterfeiting Educational Foundation and mail to P.O. Box 237, Dacula, Ga. 30019.

The foundation’s board of directors will review project proposals from ACTF to ensure that they are covered under IRS 501(c)(3) regulations.
“While we shall be forever grateful to those who stepped forward in our first year to support the work of our task force, we have come to realize that we can’t move forward by drawing from the same small well year after year,” said Diehl who serves as chairman of ICTA and will be serving the new non-profit as treasurer.

Diehl noted that the paper work has been completed and filed and the foundation can receive contributions as it awaits final approval from the IRS. Additionally, he pointed out that collectors, interested individuals, and organizations can now support the task force’s work through tax-deductible contributions of cash or coins.