IRS Issues WWIF Official Nonprofit Status
Wishing Well Intl. Foundation is now a 501 (c)(3) non-profit organization
After a long process of form submittals and backup documentation to the Internal Revenue Service (IRS), Wishing Well International Foundation (WWIF) received notice of approval as a 501(c)(3) nonprofit organization, retroactive to September 2010.
Under Section 170 of USC Title 26: Internal Revenue Code, the organization is exempt from income tax and contributions to the organization are tax-exempt.
The foundation is also qualified to receive bequests, devices, transfers or gifts under Sections 2055, 2106 or 2522. WWIF will now be able to step up its fundraising efforts and apply for grants available through other foundations as well as other private and public organizations.
WWIF has started the Save a Family fundraising campaign, through which donors will be able to donate a filter that provides clean, safe drinking water to a family of four for approximately eight to 10 years. Donors will also be able to donate the fractional cost of a filter.
All of the funds will be used to purchase and deploy Hydraid filters to the foundation’s most recent projects: the water treatment industry project village of San Jose de Ulloa, Dominican Republic, and the St. Paul Lutheran School village in Bagliga, Ghana, which have 200 and 100 water-impoverished families, respectively. The goal is to raise enough money to fund 200 of the 300 filters needed in the two locations. One hundred filters (50 at each location) have already been installed with existing funding and have already positively impacted nearly 500 people.
Florida-based Cyriacks Environmental Consulting Services has pledged to match dollar for dollar up to $2,500 for all donations received from the water treatment industry through August 30, 2012. Company President Wendy Cyriacks said, “We know times are tough for many companies, however, times are tougher for those the foundation is reaching out to and trying to help. It does not matter how large or small the donation is; every little bit helps.”