THOROFAN RECEIVES 501(c) (3) IRS NON PROFIT STATUS
The IRS letter dated August 12, 2010 states
“We are pleased to inform you that upon review of your application for tax exempt status we have determined that you are exempt from Federal income tax under section 501 (c)(3) of the Internal Revenue Code. ………” "Contributions to you are deductible......" " You are also qualified to receive tax deductible bequests, devises, transfers or gifts...." " ...you are a public charity........"
Thank you so much to our ThoroFan Gene Kershner (coordinator of Handicappers’ Corner) and his firm that have given so freely of their time and expertise to help us in this process. And, thank you to all of our other volunteers who have offered help and advice. Any of you who have gone through this application process know that it is cumbersome and time consuming and needs expert knowledge.
Now we will be able to do more for Thoroughbred racing, those who work in the industry, the horses who provide this enjoyment for us and for all our fans.
Thank you to all our members for continuing to help ThoroFan grow as we learn and mature into a successful national organization. And, thank you to our Saratoga Chapter for working so hard to provide the basis for all other chapters to come.
Niki Lee Rowe