DAAS Non-Profit Status
"I received notification on Good Friday, April 18, 2003 from the Director, Exempt Organizations of the US Internal Revenue Service that the DAAS request for tax-exempt status had been approved. This was in response to our application which we submitted three months ago.
During what is defined as the Advance Ruling Period from May 13, 2002 until December 31, 2006, DAAS will be treated as a publicly supported organisation.
DAAS is now in a position to solicit grants, contributions in kind or cash, write-offs, "bequests, legacies, devices, transfers or gifts". Donors may now deduct from their tax returns contributions they make to DAAS.
There are now stricter laws governing charitable contributions. DAAS will have to abide by the substantiation and disclosure requirements as well as our disclosure of receipt of quid pro quo contributions. I will ask our legal council, Gabriel Christian to review and advise on these requirements so DAAS does not run afoul of these rules.
Further details of the IRS documents beyond this announcement will be posted on the DAAS website for the information of members and guidance to potential donors.
See DAAS latest Exempt From Income Tax Return.
Under these conditions we are obligated to operate in accordance with the DAAS mission and objectives, method of operation and by-laws."
Dr Clayton A. Shillingford
President, DAAS