The Kozyak Minority Mentoring Foundation is recognised by the IRS as a 501(c)(3) not-for-profit organization.

501(c)(3) organizations:

  • do not pay federal corporate income tax except on income derived from unrelated business income.  With this exemption, an organization can save 15% – 35% of its taxable income.
  • in most instances, do not pay state corporate income, franchise, excise, use, or sales tax.
  • can offer individual donors and corporate donors a tax deduction for their charitable donations.  The possibility of a tax deduction is often an incentive for taxpayers who itemize their income tax deductions.
  • are eligible to receive private foundation grants.  Private foundations are required by law to distribute a minimum amount of money for charitable purposes.  One way they fulfill this obligation is by making grants to 501(c)(3) public charities.

If you are interested in making a tax deductible donation to KMMF, please click here.