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Update Bevy Foundation page to reflect 501(c)(3) status (#1637)
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cart authored Sep 26, 2024
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Expand Up @@ -31,15 +31,16 @@ <h2>Donate</h2>
<li><b>Operational Costs:</b> Keeping a nonprofit organization compliant and operational takes time and money. These costs are currently very low, but we expect them to increase over time as we grow. Our goal is to minimize these costs as much as possible as our goal is to maximize the amount we spend on actually building Bevy and accomplishing our mission.</li>
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<h3>Application for 501(c)(3)</h3>
<h3>We are a 501(c)(3) Public Charity</h3>

<p>We have applied for a federal 501(c)(3) non-profit public charity designation.</p>
<p>We proudly have a federal 501(c)(3) non-profit public charity designation.</p>

<p>If our 501(c)(3) application is accepted, this status will exempt us from federal income tax and allow donors in the United States to deduct their donations on their federal taxes.</p>
<p>This status exempts us from federal income tax and allow donors in the United States (and some other countries) to deduct their donations on their federal taxes.</p>

<p>Note that the 501(c)(3) application has not yet been approved, and there has been an increasing number of denials for technology-oriented charities. The experts we have talked to have told us not to get our hopes up.</p>

<p>If tax-deductibility is important to you, please do not donate until we receive a determination. But also note that if our application is accepted, donations made prior to our acceptance will retroactively be tax-deductible! Neat!</p>
<p>
The 501(c)(3) public charity status also introduces <a href="https://www.501c3.org/what-is-a-501c3/">stricter operational constraints</a>, which serve to protect the integrity of our mission. This makes the mission above more than just a promise. We have an obligation to protect our
mission and guard against corruption. We are proud of this designation and we hope it helps assure the Bevy community that we work for them, not profit.
</p>

<h2>Leadership</h2>

Expand Down Expand Up @@ -119,7 +120,7 @@ <h2>Leadership</h2>
<h2>Transparency</h2>

<p>
<b>Bevy Foundation</b> is a Washington state non-profit (with a pending 501(c)(3) application). We strive to make our operations transparent:
<b>Bevy Foundation</b> is a 501(c)(3) public charity, incorporated as a Washington state non-profit. We strive to make our operations transparent:
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