🌊🔥𝘿𝙞𝙨𝙖𝙨𝙩𝙚𝙧 𝙍𝙚𝙡𝙞𝙚𝙛 𝘾𝙝𝙖𝙧𝙞𝙩𝙞𝙚𝙨: 𝙆𝙣𝙤𝙬 𝙩𝙝𝙚 𝙍𝙪𝙡𝙚𝙨 𝘽𝙚𝙛𝙤𝙧𝙚 𝙋𝙧𝙤𝙫𝙞𝙙𝙞𝙣𝙜 𝘼𝙞𝙙 🤝🌪️
Tax-exempt disaster relief charities are allowed to provide short-term emergency assistance 🚑 and long-term aid to ensure that victims have necessities. But they must observe IRS rules. For example, you must offer help to an entire “charitable class” of people. Also, after the immediate danger has receded, you must apply needs-based criteria so that funds will be distributed based on an objective evaluation of needs. 🤝You’re allowed to help victimized businesses, but aid must be related to a tax-exempt purpose (such as preserving a community) and any private benefit to businesses must be incidental. For more guidelines, contact us.
#stampflicpas #stampflibloomington #nonprofit #disasterrelief
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