Tax Exemption Approved

While the Global Glacier Initiative, Inc. is a non-profit corporation at the state level in the United States, it is 501(c)(3) status that grants tax exemption. Tax exemption makes donations deductible for many donors and means that the entity does not owe income tax.

The application was sent to the Internal Revenue Service in May of 2021. It is an extremely lengthy package of forms with long essays about the mission, governance, how money is managed, a variety of policies adopted, and so forth. Once it is submitted, a very long wait follows.

Thankfully, the application was approved in January 2022 on its first attempt, which means that fundraising for future glacier seasons and equipment can begin.