The Hypersomnia Foundation received a letter from the Internal Revenue Service stating that we have met all of the requirements to be a charitable organization. That’s right. The IRS has officially approved the Hypersomnia Foundation’s 501(c)(3) status!
Not only are we exempt from paying federal income tax, but contributions made to the Hypersomnia Foundation by individuals and corporations are deductible under Code section 170. You will want to check with your tax advisor, but, basically, this means that any donations made to the Hypersomnia Foundation on or after January 21, 2014, are tax-deductible to the extent allowed by law.
The Hypersomnia Foundation Board members–Cat Rye, Cate Murray, and Jennifer Beard–extend deep gratitude for your ongoing support and enthusiasm. You make all of our hard work worth it every day. We could not have done this without YOU there supporting us and cheering us on every step of the way. The hypersomnia community now has an official charity created specifically to support YOU. Congratulations to everyone! This is a big win for our community and for medical and scientific hypersomnia researchers.