You don’t get that kind of a letter from the IRS every day!
Yesterday we received a letter from the IRS approving our application for tax-exempt status as a public charity under Section 501(c)3! That means people can make contributions to the foundation either in the form of cash or boats/equipment and receive a receipt as a tax-deductible donation.
So if you have been chomping at the bit for a funding source to support youth multihull sailing, well, chomp no more! See our website for instructions on how to make a donation.