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Author Topic: BSHF Approved by IRS for tax-exempt status!  (Read 903 times)

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Offline LukieD

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BSHF Approved by IRS for tax-exempt status!
« on: June 13, 2011, 06:32:12 PM »
Last week BSHF submitted, with the assistance of our attorneys at Cadwalader Wickersham & Taft LLP, our Form 1023 application for 501(c)(3) tax-exempt status with the IRS. We expect to hear back from the IRS in approximately 3-6 months. If we are approved, all donations to BSHF will be considered tax-exempt, retroactively, back to the date of our incorporation on March 2, 2009.

We expect to provide more updates on our progress in the near future. Thank you to everyone for all of your hard work and support.
« Last Edit: July 01, 2011, 04:23:51 PM by LukieD »
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Offline JuliRosi

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Re: BSHF Submits Form 1023 Application to IRS for tax-exempt status
« Reply #1 on: June 13, 2011, 07:16:01 PM »
Quote from: LukieD on June 13, 2011, 06:32:12 PM
Last week BSHF submitted, with the assistance of our attorneys at Cadwalader Wickersham & Taft LLP, our Form 1023 application for 501(c)(3) tax-exempt status with the IRS. We expect to hear back from the IRS in approximately 3-6 months. If we are approved, all donations to BSHF will be considered tax-exempt, retroactively, back to the date of our incorporation on March 2, 2009.

We expect to provide more updates on our progress in the near future. Thank you to everyone for all of your hard work and support.

 :yeahthat
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Offline StrngConviction

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Re: BSHF Submits Form 1023 Application to IRS for tax-exempt status
« Reply #2 on: June 13, 2011, 07:21:41 PM »
^5!
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Offline LukieD

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Re: BSHF Approved by IRS for tax-exempt status!
« Reply #3 on: July 01, 2011, 04:24:53 PM »
We were just informed by our attorneys that BSHF has been approved by the IRS for 501(c)(3) tax-exempt status. Congratulations to everyone who worked so hard to make this happen. More news to follow shortly.
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Offline liesl78

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Re: BSHF Approved by IRS for tax-exempt status!
« Reply #4 on: July 01, 2011, 04:49:30 PM »
Quote from: LukieD on July 01, 2011, 04:24:53 PM
We were just informed by our attorneys that BSHF has been approved by the IRS for 501(c)(3) tax-exempt status. Congratulations to everyone who worked so hard to make this happen. More news to follow shortly.

 :yeahthat
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Offline JuliRosi

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Re: BSHF Approved by IRS for tax-exempt status!
« Reply #5 on: July 01, 2011, 05:33:54 PM »
Quote from: liesl78 on July 01, 2011, 04:49:30 PM
Quote from: LukieD on July 01, 2011, 04:24:53 PM
We were just informed by our attorneys that BSHF has been approved by the IRS for 501(c)(3) tax-exempt status. Congratulations to everyone who worked so hard to make this happen. More news to follow shortly.

 :yeahthat

 :yeahthat
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Offline momoftwo

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Re: BSHF Approved by IRS for tax-exempt status!
« Reply #6 on: July 01, 2011, 06:41:09 PM »
Awesome work to all who, well, worked on it  :hihi
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Offline rduffiel

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Re: BSHF Approved by IRS for tax-exempt status!
« Reply #7 on: July 01, 2011, 07:08:45 PM »
Great news.
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Offline Diane

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Re: BSHF Approved by IRS for tax-exempt status!
« Reply #8 on: July 01, 2011, 08:12:50 PM »
Wonderful news and great work by the amazing people here who made it happen.   Diane
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Offline StrngConviction

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Re: BSHF Approved by IRS for tax-exempt status!
« Reply #9 on: July 01, 2011, 09:09:08 PM »
May I ask what the donations are used for ?
 Of course I have read alot on here but probably not even 50% so i appologise if its mentioned and hope someone can point me there if it in fact os there .
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Offline FC_Florida

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Re: BSHF Approved by IRS for tax-exempt status!
« Reply #10 on: July 01, 2011, 11:03:24 PM »
That's some really great news! Congratulations to you all who made it happen! :cool:
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Offline LukieD

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Re: BSHF Approved by IRS for tax-exempt status!
« Reply #11 on: July 01, 2011, 11:15:50 PM »
Quote from: StrngConviction on July 01, 2011, 09:09:08 PM
May I ask what the donations are used for ?

We haven't spent any money raised by BHSF yet and to be honest, our focus has not really been on fundraising to date so we don't have a lot of cash in the bank. I think there are a lot of good things we can do with any funds we raise and our intention is to set up a LBP fund at some point. We'll have more news on all of this in the weeks to come.
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