Acton News Initiative, Inc. (ANI), doing business as The Acton Exchange (EIN# 93-4377398), recently received approval from the IRS as a Section 501(c)(3) charitable organization. The IRS Determination Letter awards this status to the Acton News Initiative, Inc. dating back to its incorporation date of November 23, 2023. This means that all donations to The Acton Exchange are tax-deductible, absent any limitations on deductibility applicable to a particular taxpayer. You can make a – now tax-deductible – donation at https://www.actonexchange.org/donate/.
MaryHelen Gunn, President of the ANI Board of Directors, commented: “Earning our 501(c)(3) status is an important milestone for our young organization – it affirms our stellar volunteer efforts, supported by our generous early contributors. This designation significantly expands our philanthropic appeal for donors who wish to continue and increase their support of our mission.” She adds, “The Acton Exchange is increasingly becoming Acton residents’ go-to source for reliable and comprehensive local news. To keep that momentum building, we will need to raise enough money to hire some paid staff to support our hard-working team of volunteer writers, editors, and technologists. We look forward to including more details and more great news in our upcoming donor appeal letter, in time for Giving Tuesday just after Thanksgiving.”
Treasurer Bob Miller notes, “In addition to this new federal designation, we also, separately, became qualified to receive donations from donor advised funds (DAFs) such as Fidelity Charitable Gift Fund, Schwab Charitable, and BNY Mellon Gift Fund, further expanding some donors’ options for tax-deductible giving to the Acton News Initiative, Inc. d/b/a The Acton Exchange.”
Founding Director Marion Maxwell adds, “I’m delighted we’re eligible to apply for matching grants and other fundraising opportunities available only to 501(c)(3) organizations. And I’d like to give thanks to Acton’s seniors who provided the seed money to get us started!”