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Seka
Moke Foundation is a non-profit entity with a
Federal Tax Exemption Certification under the
Internal Revenue Code, Sect. 501(c)(3).
Therefore, it enjoys an exemption from paying
local, state and federal taxes. In addition,
Seka Moke Foundation is permitted to raise funds
by receiving public and private grant money and
donations in kind from individuals and
companies. Further, all donors are allowed to
deduct their contributions on their own tax
returns. Finally, a nonprofit corporation
protects its members from personal for the
corporation's liabilities. Since all its members
serve on a volunteer basis, a larger portion of
the proceeds is given back to help its
beneficiaries. |
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