One Foundation is a @Donor-Advised Fund stewarded by @Citizens of One.
The organization supports @belief-driven organizations by @making space for them to demonstrate their highest intentions; through @One Gatherings and beyond.
In May 2021, **One Foundation was established as a component of the @SDG Impact Fund, which is an IRS recognized 501(c)(3) tax-exempt public charity and not for profit corporation having its principal office in the city of Cartersville and State of Georgia as described in the Internal Revenue Code Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi). **
**One Foundation **is a component part of the Charity as defined in Section 1.170A-9(f)(11) of the Income Tax Regulations and nothing in the creation of the Fund affected the status of the Char-ity as an organization (i) described in Section 501(c)(3) of the Code and (ii) which is not a private Charity within the meaning of Section 509(a) of the Code.
**One Foundation **met the requirements of a donor-advised fund under Section 4966 of the Code. Among other things, the Fund shall not (i) make distributions to individuals, private non-operating Charitys, certain supporting organizations or to any organization for a non-charitable purpose; (ii) maintain excess business holdings as described under Section 4943(e) of the Code; (iii) engage in excess benefit transactions as described under Section 4958 of the Code or (iv) provide prohibited benefits as described under Section 4967 of the Code.
One Foundation is a component of the SDG Impact Fund (Tax ID# 46-2368538), which is an IRS recognized 501(c)(3) tax-exempt public charity as described in the Internal Revenue Code Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi). All money and property transferred to One Foundation shall be an irrevocable gift to the charity.
Resources
References
- One Foundation, inc.one
Creators
- #citizensofone (See: @Citizens of One)
