The United States has granted Dash Me Foundation, set up by Nigeria’s former finance minister Kemi Adeosun, a non-profit with tax-exempt status under Section 501(c)(3) of the US Internal Revenue Code.
Mrs Adeosun, who expressed delight at the development, said contributions from both corporations and individuals, donated to New York-based foundation are now fully tax-deductible.
She added in a statement on Tuesday that the Dash Me Foundation was now eligible to apply for government and foundation grants, which will further broaden access to resources and strengthen its ability to raise funds for orphans and vulnerable children, victims of domestic violence and disadvantaged youth.
Adeosun said, “The Dash Me Foundation US is proud to announce that it is officially a non-profit with tax-exempt status under Section 501(c)(3) of the United States Internal Revenue Code.
“The granting of a non-profit status to Dash Me Foundation in the United States is a major milestone for our growing organization, and we are excited about the prospects it creates. Attaining recognition of our Charitable Status by the American Internal Revenue Service was a rigorous process and we are proud to have met all the requirements.”
Adeosun, who was forced out of her ministerial position over a certificate scandal, stated that the US team could now actively mobilise donations and support from its extensive US-based diaspora as well as corporations and foundations, interested in supporting indigenous charitable work in Nigeria and beyond.
“Our Donors can now change lives in Nigeria whilst obtaining a full tax deduction in America,” said Adeosun.
The foundation was launched in Nigeria in June 2021.
