If I give money to Fox Valley Jewish Neighboirs, is it tax dedcutible?
We’re happy to be able to report that the IRS has granted Fox Valley Jewish Neighbors tax-exempt status pursuant to IRS Code Sectioin 501c3, retroactive to February 18, 2007. FVJN applied some time ago for tax-exempt status, in order to, among other things, allow donations to FVJN be tax-exempt to the extent that a donor’s tax situation permits. The IRS has ruled that FVJN has been granted tax-exempt status, and that the status is retroactive to the date of FVJN’s date of incorporation on February 18, 2007. This means that if you have made a donation to FVJN from 2/18/07 on, your donation may be tax-deductible; and we suggest that you consult with your tax advisor about this. Similarly, your donations going forward will be tax-exempt to the extent permitted by law in light of your personal tax situation. We similarly suggest that you consult your tax advisor to determine the deductibility of all such donations.
