On December 9th Spencer Pride, Inc.
announced that we had received approval from the Internal Revenue Service for
501(c)(3) status as a Public Charity.
This approval followed months of effort that included countless hours devoted
to this major project. Receiving
501(c)(3) approval is the most significant of the strategic goals that we had set for 2010 and we were all thrilled to get it before the
end of the year. Our new status will allow
us to solicit corporations - most of which set 501(c)(3) status as a minimum
criteria when applying for grants and sponsorships - that we were not able to
do before. It also means that
individuals will receive federal income tax deductions for their donations to
Spencer Pride, Inc. Typically, this
increases the donations that an organization receives. As we prepare for our fifth annual festival,
such an increase in donations would allow us to continue our trajectory of
success. If you were considering making
any end-of-year donations before the tax year ends on December 31st,
please keep Spencer Pride in mind. The
size of our organization and our community means that every dollar can have a
big impact. A $100 donation, for
example, can get much more in Spencer, Indiana than it can in Chicago or other
large cities. Although we always
encourage people to financially support a wide diversity of LGBTQI
organizations, we especially appreciate when Spencer Pride Inc. is one of those
organizations. If you cannot make a
donation this year due to your financial situation, we hope that you might
consider us for your 2011 donations.
Donations can be made securely online from our website using
PayPal. They can also be sent via check
or money order to “Spencer Pride, Inc.”, P.O. Box 585, Spencer, IN 47460. Donations must be postmarked by December 31st
in order to count for the 2010 tax year.