What is a 501(c) 3?

Nonprofit means the entity, usually a corporation, is organized for a nonprofit purpose. 501(c)(3) means a nonprofit organization that has been recognized by the IRS as being tax-exempt by virtue of its charitable programs.

 

As stated within our letter, donors can deduct to receive tax deductible bequests, devises, transfers or gifts under Section 2055, 2106, or 2522.

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