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Yesterday,
the membership of the American College of Cardiology
(ACC) voted in support of an initiative that will enable
the College to expand its advocacy efforts on behalf
of cardiovascular specialists and their patients while
strengthening its commitment to cutting-edge continuing
medical education and quality-of-care efforts.
"Technically,
this is a fine-tuning of our organizational structure
that allows us to expand our activities in compliance
with Internal Revenue Service (IRS) regulations,"
explained ACC President George A. Beller, MD. "This
enables us to enhance our advocacy activities in support
of our members, both nationally and at the local level,
without changing the College's core values or commitment
to education."
Based
on this vote there will be two legal entities: the American
College of Cardiology, a 501(c)(6) corporation; and
the American College of Cardiology Foundation, a 501(c)(3)
corporation. To comply with IRS regulations, the 501(c)(3)
will be responsible for continuing the traditional scientific,
research, and educational activities, with expanded
opportunities for charitable giving. The 501(c)(6) will
be responsible for general membership activities, including
an increased level of advocacy and lobbying. Full implementation
of this plan is anticipated for January 2002, contingent
on final approval by the IRS.
"This
was a very significant decision by the membership,"
added Douglas P. Zipes, MD, who will be installed as
the ACC's 2001-02 president at this evening's Convocation
ceremony. "Given the increasing stresses of practice,
it is absolutely critical that we expand our advocacy
activities on behalf of our member physicians to ensure
continuous improvement in quality of care for our patients."
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