ReLeaf Foundation is in its foundational stage and may request and receive funds before it is legally formed. Rawmaste Productions & Goods LLC will serve as the legal custodian of funds. All donations will be held in a separate and secure temporary holding account until ReLeaf Foundation is formally established.
To ensure transparency and responsible management, detailed records of all donations will be maintained to guarantee funds are used as intended based on donor agreements.
ReLeaf Foundation anticipates receiving its 501(c)(3) designation by September 30, 2024. To continue operating and fulfilling its mission during the period between formation and receiving its designation, ReLeaf Foundation will operate under a fiscal sponsorship agreement with a mission-aligned existing exempt organization. This collaboration will allow ReLeaf Foundation to accept and manage donations while ensuring compliance with all regulations and maintaining its commitment to its mission.
Support Made Before Exemption: Donations made before ReLeaf Foundation receives its 501(c)(3) designation are not currently tax-deductible. We are grateful for your generous contributions and understand that some donors may prefer to wait until our designation is received to make a tax-deductible donation.
Support Made During Fiscal Sponsorship: While operating under fiscal sponsorship, ReLeaf Foundation’s donations will be managed by the sponsoring organization, ensuring proper handling and adherence to all relevant regulations. Information regarding the tax deductibility of donations during this period will be available on the sponsoring organization’s website and communicated directly to donors.
Support Made After Exemption: Donations made after ReLeaf Foundation receives its 501(c)(3) designation will be tax-deductible. We will provide regular updates on the progress of our exemption application directly to donors as well as publicly on our website and social media.
As with all tax matters, ReLeaf Foundation recommends discussing with an accountant or tax professional to determine the specific tax implications of your donation.