501(c)(3) Registration and Donation Terms

The Hope Container Foundation Inc. ("us", "we", or "our") is a non-profit organization, registered and accredited under section 501(c)(3) of the Internal Revenue Code (IRC) (DLN: 26053518001501). This status indicates that we are exempt from federal income tax, and contributions made to us by donors are tax-deductible under IRC Section 170. Further, we are qualified to receive tax-deductible bequests, devises, transfers, or gifts under Sections 2055, 2106, or 2522.

Our non-profit organization is classified as a public charity under the IRC. We are required to file an annual information return (Form 990 or Form 990-EZ) or electronic notice (Form 990-N, the "Postcard"). Should we fail to file a required return or notice for three consecutive years, our exempt status could be automatically revoked.

Donations and Tax Benefits

When you make a donation to The Hope Container Foundation Inc., your donation can have significant tax benefits. It's important to understand that tax laws are complex, and the following information is only a summary:

1. Individual Donations: Individuals who itemize deductions on their federal income tax can deduct donations made to us under IRC Section 170. The deduction is usually limited to a percentage of the contributor's adjusted gross income (typically 60% for cash contributions). You should consult with a tax advisor to understand how this applies to your circumstances.

2. Corporate Donations: Corporations can also deduct charitable donations to us on their taxes. The deductions are limited to a percentage (typically up to 10%) of the corporation's taxable income.

3. Estate and Gift Donations: Donations made through bequests, devises, transfers, or gifts are deductible from the donor's estate, reducing potential estate tax liability. We are qualified to receive such tax-deductible donations under Sections 2055, 2106, or 2522 of the IRC.

4. Non-Cash Donations: If you donate property (other than cash), you may be able to deduct the fair market value of the item. The IRS has specific rules for non-cash donations, so consult a tax advisor to understand the implications.

Please note that this summary is provided for general informational purposes only. We strongly encourage you to consult with a professional tax advisor to understand how these rules apply to you.

Political Donations

It's important to note that donations to political campaigns or political parties are not tax-deductible, as per the IRS. 501(c)(3) organizations, including The Hope Container Foundation Inc., are prohibited from directly or indirectly participating in, or intervening in, any political campaign on behalf of (or in opposition to) any candidate for elective public office.

Receipts and Records

We will provide a receipt for all donations received, as these can be used for tax purposes. You should keep this receipt, along with any other relevant documentation, to substantiate your donation.

More Information

For more information on your responsibilities and benefits as a donor to a 501(c)(3) organization, you can visit the IRS's website at www.irs.gov/charities and enter "4221-PC" in the search bar to view Publication 4221-PC, Compliance Guide for 501(c)(3) Public Charities.

Should you have any questions regarding donations and tax benefits, please reach out to us at info@hopecontainerfoundation.org.

The Hope Container Foundation Inc.