AAQI Gets 501(c)3 Status from IRS
The IRS has granted the Alzheiemer’s Art Quilt Initiative tax exempt status under section 501(c)3 of the Internal Revenue Code. Contributions are now tax deductible as we are officially classified as a charity! I am jumping for joy. It was a slam dunk. No questions or clarifications were required. Now we can take the AAQI to the next level and offer our supporters tax deductions for donations.
We can also apply for grants to help pay for our programs. We don’t spend much, but every little bit we don’t have to spend can go to research. AND, we can try and get corporations in the quilting community to point some of their philanthropy in our direction towards a cure for Alzheimer’s.
The AAQI would never have grown as much as it did had quilters not embraced this project and threaded their needles to help. To everyone who has participated in any way, here’s a “high five” and a “thank-you!”
And yes, I’ll be changing this page to reflect the AAQI’s new status any time now, so head over for one last look at the “before” and in a day or two you’ll see the “after.”
Entry filed under: AAQI News.