02212024Wed
Last updateFri, 16 Feb 2024 12pm

Advertising

rectangle placeholder

Charities foundation adjusts to changing tax rules

The Foundation for Lake Chapala Charities (FFLCC) was established in 2009 to provide U.S. taxpayers with a channel for making donations to lakeside area non-profit organizations that are eligible for charity deductions by the Internal Revenue Service (IRS).

pg3bHowever, as an IRS-recognized a 501(c)(3) charity, FFLCC has been obliged to recently adjust its criteria to remain fully compliant with government and tax regulations.

Over the past 10 years, the foundation has been a conduit for 70 million pesos in tax-deductible donations, an average of US$250,000 per annum, in benefit of nearly 40 affiliated organizations dedicated to fostering health and education programs, human and community services and animal welfare that have strong volunteer leadership and a track record of fulfilling their respective missions.

Please login or subscribe to view the complete article.


No Comments Available