I just received the letter from the Internal Revenue Service recognizing TGFF as a tax exempt nonprofit organization. This is a big step for our organization, and a very exciting one, too! As a fencer, that might not be too exciting for you, but here’s why it is important:
- Our nonprofit status has been retroactively dated back to July 1, 2013. So any donations that you or your family may have made to the foundation since then will now be considered tax deductible. I do not claim to be a CPA or otherwise, so please consult your tax professional to find out what this will mean for you. I suspect it means that if you have made any monetary donations to the foundation as of July 1, 2013, your donation can be deducted. If you have made a donation and you have not received a receipt for the donation, please contact me as soon as you can. I would be happy to issue a receipt for your tax records.
- We can now launch year-round fundraising campaigns to support fencing programs in high schools in the area. Previously we were limited to the school year and ran our fundraising campaigns through the high school. We can still continue to do so for the sake of the club, but now we can get serious about approaching community sponsors for support.
- Having this official status makes it easier to find community partners to work with us. Just as no man is an island, no nonprofit group is viable without a community to bolster it.
Feel free to post any questions you might have down below in the comments section, or email me directly. I won’t get drown you in too many details. Just continue to work on your footwork, think small circles (parries, disengages, etc.), and have fun. Practice like you mean it, and rock on!
(To view a copy of our official determination letter, click here: IRS Determination Letter.)