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Bhaktivedanta College
is a 501(c)(3) Organization--What does that mean to you?

Not-for-profit organizations in the United States -- and there are more than 600,000 of them -- can qualify for tax-exempt status under federal income tax laws. However, tax-exempt status does not necessarily mean that a donation to the organization is tax deductible on the donor's income tax. That is why many organizations, including Bhaktivedanta College, apply for 501(c)(3) status.

The name comes from the section of the Internal Revenue Service Code that describes such organizations. An organization may qualify for 501(c)(3) status if it is organized exclusively for one of several specific purposes. The organization must also be a corporation or foundation. Bhaktivedanta College is incorporated in the state of North Carolina and qualifies for tax exemption as an educational organization. Bhaktivedanta College is designated by the IRS as a "public charity" because it receives a substantial part of its income, directly or indirectly, from the general public. Bhaktivedanta College receives no federal or state funding.

The Internal Revenue Service code sets specific standards for 501(c)(3) organizations and monitors the groups adherence to them, such as:

Bhaktivedanta College meets all of these qualifications.

Obtaining tax-deductible status involves a lot of paperwork, but there are specific benefits to the organization and to its benefactors:

Since tax laws change to get the latest information visit the IRS web site (opens new window).

Why are we telling you this?

The Council of Better Business Bureaus (BBB) of the United States offers these tips on making and deducting contributions:

For latest tips visit the BBB site (opens new window).

Gold vimanas of Tirupati, the wealthiest temple of India. Historically cultural centers have been generously supported by donors rich and poor. Image copyright: The Bhaktivedanta Book Trust -- www.Krishna.com