[HOT] HOT is Now Tax Exempt in the US

[Banick, Robert]

Indeed, fantastic news!

Robert Banick | GIS Coordinator | International Services | Ì American Red Cross<http://www.redcross.org/>
2025 E Street NW, Washington, DC 20006
Tel 202-303-5017 | Cell 404-964-3451 | Fax 202-303—052 | Skype robert.banick

From: Heather Leson <heatherleson at gmail.com<mailto:heatherleson at gmail.com>>
Date: Thursday, February 28, 2013 8:27 PM
To: "kate at maploser.com<mailto:kate at maploser.com>" <kate at maploser.com<mailto:kate at maploser.com>>
Cc: "hot at openstreetmap.org<mailto:hot at openstreetmap.org>" <hot at openstreetmap.org<mailto:hot at openstreetmap.org>>
Subject: Re: [HOT] HOT is Now Tax Exempt in the US


Amazing!

I can't wait to see this support grow.

Heather

On Feb 28, 2013 8:01 PM, "Kate Chapman" <kate at maploser.com<mailto:kate at maploser.com>> wrote:
Hi All,

We received some very good news today. HOT received notification from
the Internal Revenue Service (IRS) of the United States that we have
been approved and are now a 501(c)(3). 501(c)(3) status is a tax
exempt status in the United States. We had applied back in November
with the assistance of a lawyer to obtain this status. This was one of
the goals from the strategic planning process carried out by the board
last year.

This status makes us exempt from federal taxes in the United States.
There are also additional benefits. People and organizations that
donate to us now are able to deduct their donations from their own
taxes as well. This makes us eligible for a variety of corporate
donation programs we were not previously. There are also fondations
that require organizations to have this status to apply for grants as
well.

So this may seem like a bureaucratic, administrative thing (which it
is), but also it i will give us more resources to continue to do all
the work that we are currently doing and more!!

Thank you everyone for volunteering with us, without your help we
wouldn't have a purpose and there wouldn't be much point in applying
for things like this.

For those more interested in the status the Wikipedia article has some
more details: http://en.wikipedia.org/wiki/501(c)_organization

Best,

-Kate

_______________________________________________
HOT mailing list
HOT at openstreetmap.org<mailto:HOT at openstreetmap.org>
http://lists.openstreetmap.org/listinfo/hot
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.openstreetmap.org/pipermail/hot/attachments/20130301/bbd12818/attachment-0001.html>