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Tax Deductibility of Donations A Guide for Constituent Masonic Angel Funds The Masonic Angel Foundation, Inc. (the "parent" organization in Orleans, MA not your local Masonic Angel Fund) is recognized as a publicly supported organization under Section 501(c)(3) of the Internal Revenue Service Code. As such, donors who contribute to the Foundation may deduct their contributions as provided in Section 170 of the Internal Revenue Service Code. Bequests, legacies, devises, transfers or gifts to the Foundation or for its use are deductible for Federal estate and gift tax purposes if they meet the applicable provisions of sections 2055, 2106 and 2522 of the Code. (IRS Letter of Declaration of Public Charity Status of the Masonic Angel Foundation) In "English", this means that a donor may contribute to the Masonic Angel Foundation, Inc. and take a tax deduction for that donation on their Federal Income Tax return. All Masonic Lodges are recognized as a "fraternal organization" under section 501(c)(10). Donations to such organizations are not tax-deductible. If a donor contributes to your local Masonic Angel Fund they may not deduct that donation on their Federal Income Taxes. You are not to issue any statements that attract donors with the promise of tax-deductibility for their contributions. If you have a donor who would like to make a significant contribution to benefit children in your community, it is possible that they could make the donation to the Masonic Angel Foundation, Inc. We can work with you to see that the particular contribution is used for 501(c)(3) charitable purposes to benefit children in your community in accordance with the "Ten Standards" of the Masonic Angel Fund. The Foundation staff is available to answer your questions about donations to the Masonic Angel Foundation, Inc. However, we are not tax practitioners. You and your donors should always seek the advice of an appropriately qualified financial or legal professional when negotiating a major donation. Please feel free to contact us if you would like to discuss tax deductibility of donations in further detail. Tax ID - 04-3521605 Mailing Address · Post Office Box 1389 · Orleans, Massachusetts 02653 Office · Universal Lodge Masonic Building · 107 Main Street · Orleans Phone 508-255-8812 Email info@masonicangelfund.org |
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