NEWS RELEASE…November 5, 2012…”Dear Applicant, We are please to inform you that upon review of your application for tax exempt status, we have determined that you are exempt from Federal Income Tax under Section 501 (c) (3) of the Internal Revenue Code. Contributions to you are deductible under Section 170 of the Code. You are also qualified to receive tax deductible bequests, devises, transfers, or gifts under Section 2055, 2106, or 2522 of the Code.” This ruling is effective May 2, 2012, and applies to Employer Identifification Number: 45-5103317.
The letter was was from the United States Department of the Treasury, Internal Revenue Service.
This is great news for Teddy Bear Hugs U. Many companies that wanted to donate and/or sponsor our golf, raffle, and silent auction event had to hold off until we secured Tax Exempt status. We will be sending out updating information concerning donations and gifts to Teddy Bear Hugs U. Thank you.