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January 11, 2007 Quota International, Inc., Receives 501(c)3 Tax-exempt Status in the U.S. President Enid Croes-Marugg and the QI Board of Directors are thrilled to announce that Quota International has received 501(c)3 tax-exempt status from the U.S. Internal Revenue Service retroactive to April 14, 2006! Our new status means contributions to Quota International, the Friends of Quota Program, and the Wanda Frey Joiner Fund, including international dues paid by members and items donated to Q-Mart (at their fair market value), are now tax deductible as charitable contributions for members in the United States. The We Share Foundation continues to hold this charitable tax exempt status as well.
Important! The tax status of U.S. clubs has NOT changed. U.S. clubs remain 501(c)4 entities. Therefore, Quota members can only deduct international dues at this time. Additional dues members pay to clubs, districts, or areas are not tax deductible. Donations made to clubs are also not tax deductible. [Exception: U.S. clubs that have set up their own 501(c)3 entity CAN accept donations that are tax deductible.]
Staff will apply to the Internal Revenue Service for 501(c)3 group exemption
for U.S. clubs, but this process will require several steps by the staff
and by the clubs, and it may take a year or more before clubs receive
this status. U.S. club presidents will receive details about important
next steps in the coming months. Home / Join / Help / Marketplace / Contact Quota / Site Index |
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