The bread line statue at the FDR Memorial in Washington.
This year, you probably won't get a tax deduction for donating
to the Bologna Foundation. That local charity, along with the IBM
Club, the Save the Fireworks Foundation, Charlottesville
Lesbian-Feminists, and Santa Matters– over 150 between the city and
county– have lost their non-profit tax status, according to the
Internal Revenue Service.
In a national move, the IRS announced June 9 that approximately
275,000 organizations lost such status for allegedly failing to
file the requisite annual reports for three consecutive years. A
2006 law allows the IRS to automatically delete such companies from
"The IRS believes the vast majority of these organizations are
defunct," reads a statement from the IRS.
Loss of tax-exempt status can trigger a wide range of outcomes
including property and corporate income taxes, as well as lessening
the attraction for donors who are accustomed to earning deductions
In making the announcement, the IRS also announced special
steps to help any existing-but-deleted organizations apply for
reinstatement. Such well-known Charlottesville-based groups as
Trout Unlimited, Camp Albemarle, and the Toaster Museum– none of
which had a representative immediately available for comment– might
want to get a hold of those procedures.
But there may be errors in the IRS records.
"This is all strange," says...