TLDR: Is it possible for a 501(c)3 to purchase Series I bonds and what organization type should we use.
Treasury Direct Account Creation Options
I’m on the board of a non-profit benefiting our local public school. We are fortunate to have build a small reserve fund and would like to start earning interest on it to help offset inflation (short term) and some of the annual amount we need to raise (long term) (currently earning 0 at a bank savings account).
We learned about Series I bonds from Reddit. I read on their website that entities can also hold these bonds with a TIN (which we have). However, when we went to sign up, the options under “Business or Organization” didn’t seem like a good fit.
We were wondering if anyone here had experience setting up a Treasury Direct account for a 501(c)3 organization and could suggest what the right option would be to signup under (or how to figure out what the right option is).
Separately, we’d welcome any other no-risk options for investing our reserve! Thank you!
Edit: found this FAQ about Entity Accounts. Have not heard back from the email I sent.
Treasury Direct Account Creation Options
I’m on the board of a non-profit benefiting our local public school. We are fortunate to have build a small reserve fund and would like to start earning interest on it to help offset inflation (short term) and some of the annual amount we need to raise (long term) (currently earning 0 at a bank savings account).
We learned about Series I bonds from Reddit. I read on their website that entities can also hold these bonds with a TIN (which we have). However, when we went to sign up, the options under “Business or Organization” didn’t seem like a good fit.
We were wondering if anyone here had experience setting up a Treasury Direct account for a 501(c)3 organization and could suggest what the right option would be to signup under (or how to figure out what the right option is).
Separately, we’d welcome any other no-risk options for investing our reserve! Thank you!
Edit: found this FAQ about Entity Accounts. Have not heard back from the email I sent.