How does it work with tax deduction and the Tides Foundation in the USA?
Tax deductibility for donations is a major issue in the USA, and only USA-based tax-exempt non-profits can give a tax-deductible receipt for USA taxes. This means small non US-based non-profits, like Zahana in Madagascar, have a hard time getting donations from overseas. To address this we have been looking for a US based 501(c)3 or foundation that would accept donations on behalf of Zahana. The Tides Foundation is ideal for that. Their Global Support Funds are a unique opportunity for Zahana to get tax-deductible donations from the USA. To our knowledge this is possibly the only way for a small NGO to get access to people willing to donate in the USA. The Tides Foundation screened Zahana’s application and accepted them into their portfolio. They only have some 15 organizations in this fund, so we are quite fortunate to be accepted. This also gives Zahana access to other people that might approach Tides to support projects in Madagascar. The only drawback is that the Tides Foundation d
Related Questions
- Ive started a foundation to support youth mentorship in my old neighborhood. How much can I, or others, give to it each year and still receive a tax deduction (without incurring a gift tax)?
- How does it work with tax deduction and the Tides Foundation in the USA?
- Does Tides Foundation accept letters of inquiry or proposals?
