The United States grants Adeosun non-profit tax-exempt status “Dash Me Foundation”
From Uche Usim, Abuja
Soothing news has come to the Dash Me Foundation as the United States government has granted it nonprofit status with tax-exempt status under US Section 501(c)(3). Internal Revenue Code.
Dash Me Foundation Founder and former Minister of Finance, Mrs. Kemi Adeosun, while reacting to the development, expressed her joy, adding that corporate and individual contributions, given to the New York-based Dash Me Foundation (US States) are now fully tax deductible. .
She noted that the Dash Me Foundation (USA) is now eligible to apply for government and foundation grants, which will further expand access to resources and strengthen its ability to fundraise for orphans and vulnerable children. , victims of domestic violence and disadvantaged young people.
Adeosun said, “The Dash Me Foundation US is proud to announce that it is officially a non-profit organization with tax-exempt status under section 501(c)(3) of the United States. Internal Revenue Code.
“Granting Dash Me Foundation US nonprofit status is a major milestone for our growing organization, and we are excited about the opportunities it creates. Obtaining recognition of our charitable status by the American Internal Revenue Service was a rigorous process and we are proud to have met all the requirements. »
She noted that the US team can now actively mobilize donations and support from its vast US-based diaspora as well as businesses and foundations, interested in supporting indigenous charity work in Nigeria and beyond.
“Our donors can now change lives in Nigeria while getting a full tax deduction in America,” Ms. Adeosun said in a statement she released on Tuesday.
Since its launch in Nigeria in June 2021, the Dash Me Foundation has raised funds for orphanages, shelters for victims of domestic violence and people with disabilities through its Dash Me Store and other activities.
She confirmed that the Dash Me Foundation has mobilized and deployed cash and resources to projects in Lagos, Ogun, Cross River, Kano, Nasarawa, Imo, Osun and Kogi states.
“Dash Me Foundation aims to raise more funds for orphans and vulnerable children, victims of domestic violence and disadvantaged youth in Nigeria with the ambition to cover the West African region,” added the founder.