The PUP Consortium is proud to announce that the Internal Revenue Service of the US Government has officially bestowed upon the Consortium the status of a 501(c)3 charitable organization. This means that the organization is now exempt from US taxes and can receive tax-deductible contributions from American taxpayers. Perhaps more important, the status is a statement of confidence required by some foundations and organizations as a legitimate organization.
This step concludes the major elements of the incorporation process including the filing of Articles of Incorporation in the State of Colorado, development of a board of directors and corporate officers, approval of bylaws, and now tax exempt status.
With this, the Consortium will proceed with the development of a series of proposals that will be announced in subsequent PUPdates.