1. Does the NC State Bar Foundation have a federal tax ID number? The IRS database didn’t retrieve any.
2. How were you able to secure a $12 million tax exempt loan from First Citizens Bank?
3. What does First Citizens Bank get in return for this tax exempt loan?
4. Did Peter Bolac, who is in charge of NC State Bar Trust Accounting review this arrangement for its legality?
5. How can you legally move funds from a non profit, the NC State Bar Foundation, which apparently has no federal tax ID, into the NC State Bar, which is a for-profit corporation?