Dash Me Foundation, an organization founded by former Nigerian Finance Minister, Kemi Adeosun, has announced that it has been granted tax-exempt nonprofit status by the US government.

This is contained in a press release issued on Tuesday.

The Foundation has declared that it has received its new status under section 501(c)(3) of the US Internal Revenue Code.

According to Adeosun, “corporate and individual contributions, made to the New York-based Dash Me Foundation (USA), are now fully tax deductible” due to its new status.

The status also means that “The Dash Me Foundation (USA) was now eligible to apply for government and foundation grants, which will further expand access to resources and strengthen its ability to fundraise for orphans and vulnerable, domestic violence and disadvantaged children”. youth,” the statement said.

The statement quoted the former finance minister as saying, “The Dash Me Foundation US is proud to announce that it is officially a non-profit organization with 501(c) tax-exempt status. (3) of the United States Tax Code.

“Granting nonprofit status to Dash Me Foundation in the United States is a major milestone for our growing organization, and we are excited about the opportunities it creates. Obtaining recognition for our Charitable status by the American Internal Revenue Service was a rigorous process and we are proud to have met all of the requirements.”

Adeosun said the US team could now actively mobilize donations and support from its vast US-based diaspora as well as businesses and foundations, interested in supporting indigenous charity work in Nigeria and beyond, according to the Press release.

“Our donors can now change lives in Nigeria while getting a full tax deduction in America,” she said.

The statement further notes, “Since its launch in Nigeria in June 2021, the Dash Me Foundation has raised funds for orphanages, shelters for victims of domestic violence and people with disabilities through its Dash Me Store and other activites.

“She confirmed that the Dash Me Foundation has mobilized and deployed funds and resources to projects in Lagos, Ogun, Cross River, Kano, Nasarawa, Imo, Osun and Kogi states.”

“Dash Me Foundation aims to raise more funds for orphans and vulnerable children, victims of domestic violence and disadvantaged youth in Nigeria with the ambition to cover the West African region,” added the founder, according to the statement.

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