501(c)(3) Status
In early April 2009, the Green Dragon Foundation received notification from the Internal Revenue Service that it determined that the Green Dragon Foundation is tax exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code. Contributions to our organization are deductible under section 170 of the Code. The Green Dragon Foundation is also qualified to receive tax deductible bequests, devises, transfers or gifts under section 2055, 2106 or 2522 of the Code.
The Green Dragon Foundation is further classified as a Public Charity under Code section 170(b)(1)(A)(vi).