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GCS has applied for a 501c3 IRS Designation

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(@gcs_admin)
Posts: 7
Member Moderator
Topic starter
 

The GCS Project has filed with the IRS to become a 501c3. As per the IRS letter, we expect to receive our approval letter by December 1, 2017. Any donation made to the GCS Project during this application period will be tax deductible.  

Obtaining 501c3 status will enable the GCS Project to become eligible for grants and other public and private allocations available only to IRS-recognized, 501c3 organizations. In addition, if an organization has obtained 501(c)(3) tax exempt status, an individual’s or company’s charitable contributions to this entity are tax-deductible. In addition, 501c3 status confers a public legitimacy or IRS recognition.

Why does the GCS Project need to become a 501c3? 
Currently, we direct donors to direct their contributions to the carcinosarcoma research fund at Mass General Cancer Center. The GCS Project will continue to support the brilliant work being done at MGH. Moving forward, the GCS Project will fund new and innovative research initiatives to find a cure for this monster. It is our goal to support GCS research at several major cancer centers and encourage collaboration among scientists.

For example, now that Dr. Birrer is moved to the University of Alabama, the GCS Project will have researchers at two sites working for us. There are other researchers who have become interested in this research as a result of some of the ground-breaking findings from this project at MGH. We want to support any research that will enable women with GCS to conquer this cancer and live longer. The 501c3 IRS designation will enable us to  move forward. The change is supported by MGH and Dr. Birrer.

 
Posted : 08/08/2017 12:21 am
(@gcs_admin)
Posts: 7
Member Moderator
Topic starter
 

THIS IS fantastic news!

 
Posted : 10/01/2018 12:27 am
(@redinj)
Posts: 2
Member Moderator
 

The GCS Project has been approved by the IRS to be a 501c3 organization.

 
Posted : 30/01/2018 8:52 am
(@dmred1952)
Posts: 1
New Member
 

We are very pleased that we have been recognized by the IRS as a 501(c)(3) effective January 19, 2018. As a 501(c)(3#, all donations made to the GCS Project are tax deductible effective May 2018. Prior to May, GCS donations were directed to the Mass General Cancer Center for a specific carcinosarcoma research project. The GCS Project is now raising money to support research initiatives beyond MGH and this includes new research at other major research sites as well as clinical trials.

Thanks to all who have made generous donations that enable us to move this important work forward.

 
Posted : 03/02/2018 6:12 am
(@gmangen)
Posts: 3
New Member
 

Did you mean that donations are tax deductible after May 2017? Or is 2018 accurate?

Thanks.

 
Posted : 04/02/2018 6:09 am
(@diane)
Posts: 31
Member Moderator
 

Deductions made after May 17, 2018 are tax deductible. It is retroactive to when the application was made. (Prior to May 2018, all donations went to Mass General Cancer Center.)

Thanks for your inquiry
Diane

 
Posted : 04/02/2018 8:08 am
(@diane)
Posts: 31
Member Moderator
 

Yes it is May 2017 not May 2018.

thanks for picking that up.

 
Posted : 10/02/2018 6:06 am
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