Tax Exempt Status
of Foundation EON, Inc.
In August 2012, Foundation EON, Inc. applied for tax exemption with the United States Internal Revenue Service as a 501(c)(3) charitable and educational organization working toward the elimination of obesity in America and to assist others in making appropriate changes in their lives to improve their overall health (mentally, physically and spiritually).
Said application for tax exemption was approved on November 26, 2013, with an effective date that was retroactive to the formation of Foundation EON, Inc. on August 17, 2012. A copy of the IRS approval letter can be found by clicking here. Foundation EON, Inc. is classified as a 501(c)(3) tax exempt organization, retroactive to its founding in August 2012.
As a consequence, all donations to Foundation EON, Inc. are tax deductible charitable donations, subject to the limits and restrictions of the Internal Revenue Code of the United States.
Furthermore, businesses wishing to sponsor our activities, for ordinary and necessary business purposes, should be able to deduct their reasonable sponsorship expenses pursuant to Section 162 of the United States Internal Revenue Code.
For additional information, you should consult with your tax advisor, or you can obtain additional information from the IRS Publication 526 – Charitable Contributions – http://www.irs.gov/pub/irs-pdf/p526.pdf.