If you didn't know already, we've been after the federal income tax exemption status, or the 501(c)(3) status, for quite a while now. Not only does this status allow Storybook Skies Foundation to be legally recognized as a public charity, but also allows all donations that we accept to be tax-exempt (along with some other tax benefits). This means that the donations you send in can all be claimed, and are tax-deductible. Here is the proper definition for a 501(c)(3) status organization from the IRS:
501(c)(3) exemptions apply to corporations, and any community chest, fund, cooperating association or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, to foster national or international amateur sports competition, to promote the arts, or for the prevention of cruelty to children or animals.
Surprisingly, we were able to obtain the actual status in a relatively short amount of time; the preparation of the materials for the application of the status took a lot longer. We will continue to strive to make the Storybook Skies Foundation better in order to maximize our impact on the community, both regionally and worldwide. This is only one step in our overall goal of "happy endings" for all those we help. However, it's still a momentous moment that we couldn't wait to share with you! Please take this as an encouragement for the possibility of greater things and more involvement from the members of our community. Remember, you can make a difference!
With your help, we can look forward to bigger and better things with the Storybook Skies Foundation!
501(c)(3) exemptions apply to corporations, and any community chest, fund, cooperating association or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, to foster national or international amateur sports competition, to promote the arts, or for the prevention of cruelty to children or animals.
Surprisingly, we were able to obtain the actual status in a relatively short amount of time; the preparation of the materials for the application of the status took a lot longer. We will continue to strive to make the Storybook Skies Foundation better in order to maximize our impact on the community, both regionally and worldwide. This is only one step in our overall goal of "happy endings" for all those we help. However, it's still a momentous moment that we couldn't wait to share with you! Please take this as an encouragement for the possibility of greater things and more involvement from the members of our community. Remember, you can make a difference!
With your help, we can look forward to bigger and better things with the Storybook Skies Foundation!
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