Why is the Young Clergy Women Project working to become a non-profit (501c3) organization?
Tax exemption: Once we qualify as a public charity under Internal Revenue Code 501c3, our organization will be eligible for federal exemption from payment of corporate income tax. Eligibility for public and private grants: We will be allowed to solicit donations from the public. Contributions made to the YCW Project will be counted as tax-deductible, once we have filed for 501c3 status. We will also be eligible to apply for foundation grants which restrict their applications to non-profit organizations. This will aid us in our long-term viability; we hope to expand our programming and our scholarship through grants and donations. Formal structure: Incorporation puts the mission and structure of the non-profit above the personal interests of individuals associated with it. How can you help the Young Clergy Women Project reach their goal of becoming a non-profit? Creating a nonprofit organization takes time, effort, and money. Because a nonprofit organization is a legal entity under fede
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