The Dash Me Foundation, an organization founded by former Nigerian Finance Minister Kemi Adeosun, has announced it has been awarded a non-profit organization with a tax-exempt status by the United States government.
This is contained in a media statement released Tuesday.
The Foundation said it had acquired its new status under Section 501 (c) (3) of the US Internal Revenue Code.
According to Adeosun, “donations from both organizations and individuals, donated to the Dash Me Foundation (US) in New York are now fully taxed” because of their new status.
The situation also means that the Dash Me Foundation (US) was now eligible to apply for social grants and subsidies, which will further increase access to services and strengthen its ability to raise money for orphans and vulnerable children, victims of domestic violence and the disadvantaged. youth, ”according to the statement.
The statement quoted the former Minister of Finance as saying, “Dash Me Foundation US is proud to announce that it is a non-profit organization with a tax exemption status under Section 501 (c) (3) of the United States Internal Revenue Code. .
“The launch of the non-profit Dash Me Foundation in the United States is a milestone in our growing organization, and we are excited about the prospects it offers. Recognizing our Donation Status by the American Internal Revenue Service was a difficult process and we are proud to have met all the requirements. ”
Adeosun said the American team was now able to mobilize donations and support from many US countries living in the US and companies and foundations, interested in supporting indigenous philanthropic work in Nigeria and beyond, according to a media statement.
“Our donors are now able to change lives in Nigeria while receiving full tax cuts in the United States,” he was quoted as saying.
The statement added, “Since its launch in Nigeria in June 2021, the Dash Me Foundation has increased funding for orphanages, shelters with domestic violence and the disabled through the Dash Me Store and other activities.
“He confirmed that the Dash Me Foundation has funded and invested in projects in Lagos, Ogun, Cross River, Kano, Nasarawa, Imo, Osun and Kogi States.”
“The Dash Me Foundation aims to raise extra money for orphans and vulnerable children, victims of domestic violence and poor youth in Nigeria with the aim of uniting the West African region,” the founder said, according to a statement.
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