**Important Notice to Our Valued Supporters:**
We deeply appreciate the interest and generosity of our community and supporters. Currently, we are actively working towards obtaining our 501(c)(3) status to ensure that we meet all regulatory requirements and can provide you with the tax advantages for your kind donations.
**For now, we are temporarily pausing the acceptance of donations until our 501(c)(3) status is officially granted.** This crucial step ensures compliance with both federal and California state laws governing nonprofit operations and charitable contributions.
However, your support means the world to us, and we want to keep you informed. If you're interested in contributing to our cause, please leave your contact details [here]. Rest assured, we will reach out to you as soon as we are ready to accept donations, so you can be part of our journey from the very beginning.
We sincerely appreciate your understanding and patience. Your willingness to support our cause is invaluable, and we eagerly look forward to welcoming you to our community of donors soon.
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Regarding regulations for nonprofits concerning donation acceptance under California and federal law, here's a brief overview:
**Federal Law:**
According to the Internal Revenue Code, organizations seeking to accept tax-deductible charitable contributions must be recognized as a 501(c)(3) entity. Until this status is granted, any donations received cannot be officially recognized as tax-deductible for the donor. Obtaining this status also entails adhering to specific operational, reporting, and record-keeping guidelines.
**California State Law:**
In California, charitable organizations face stringent regulation. They must register with the California Attorney General’s Registry of Charitable Trusts before soliciting or managing charitable donations. This registration is in addition to obtaining 501(c)(3) status for federal tax exemption. California law mandates transparency with donors and compliance with specific accounting and reporting standards to ensure proper use and management of charitable assets.
Compliance with these regulations is vital to maintain public trust, ensure the deductibility of donations for tax purposes, and avoid penalties. It is advisable to consult a legal professional specializing in nonprofit law to navigate these requirements effectively and ensure full compliance.
This overview is based on general information available as of April 2023 and is intended for informational purposes only. For the most up-to-date regulations and detailed advice, please consult a legal professional or the relevant government agencies.