On April 22, the American Farrier’s Association Foundation received official notification of public charity status from the Internal Revenue Service. This designation allows donors to deduct contributions made to the Foundation under IRC Section 170, as well as qualifies us to receive tax deductible bequests, devises, transfers, or gifts under Section 2055, 2106, or 2522.
This designation also assures our valued donors that we are acting in service to public interest, and that we are following all requirements necessary to retain this status, such as filing annual returns and refraining from restricted activities as noted in IRS Publication 4221-PC.
The Board of Directors of the Foundation has worked hard to ensure this designation is in place to provide all donors with not only the ability to deduct contributions made to the Foundation, but feel confident in knowing that the Foundation is a transparent, reputable organization that exists solely to improve the welfare of the horse through the advancement and support of the farrier profession.
