We want to share with you how your contribution to Word Collective is handled from a tax perspective. Your donation is fully tax-deductible through nonprofit laws. This means that as a donor, you will receive a receipt acknowledging your contribution, and it’s eligible for tax deductions at the federal, state, and local levels.
Here’s a breakdown of what you need to know:
1. Kingdom Good GLOBAL is our partner and fiscal sponsor. They have tax exempt status, 501(c)(3), for charitable purposes. Our partnership allows Word Collective to benefit from this status.
Kingdom Good GLOBAL is a recognized nonprofit organization under [Specify the relevant tax designation – e.g., 501(c)(3) designation] in the United States. This designation signifies that Kingdom Good GLOBAL is legally obligated to accept donations and use them to achieve its charitable purpose.
2.. How Does it Work?
- Donation Received: When you make a donation through our website, by check or other means, your funds are directed to Kingdom Good GLOBAL.
- Your gift is then made available to Word Collective to support its mission and ministries.
- Tax Receipt: Kingdom Good GLOBAL sends you a receipt of your gift.
- Tax Deduction: As a donor, you are eligible to receive tax exemption.