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"Change Is the Only Constant": Cindy Colly, 10X Hub Entrepreneur

The Grant Cardone Foundation receives continuous news from the 10X Hub in South Africa on how the program is changing lives. With the conclusion of their annual Pitch-Off, the updates are more compelling than ever. Let’s talk about winner…
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“Dear Applicant:

We’re pleased to tell you we determined you’re exempt from federal income tax under Internal Revenue Code (IRC) Section 501 (c) (3). Donors can deduct contributions they make to you under IRC Section 170. You’re also qualified to receive tax deductible bequests, devises, transfers or gifts under Section 2055, 2106, or 2522. This letter could help resolve questions on your exempt status. Please keep it for your records.

Organizations exempt under IRC Section 501(c) (3) are further classified as either public charities or private foundations. We determined you’re a public charity under the IRC Section listed at the top of this letter.

If we indicated at the top of this letter that you’re required to file Form 990/990-EZ/900-N, our records show you’re required to file an annual information return

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For important information about your responsibilities as a tax-exempt organization, go to www.irs.gov/charities. Enter “4221-PC” in the search bar to view Publication 4221-PC, Compliance Guide for 501(c) (3) Public Charities, which describes your recordkeeping, reporting, and disclosure requirements.”

Sincerely,

Director, Exempt Organizations Rulings and Agreements