Having jumped through all the hoops to get set up as a corporation and getting all the financial accounts set up, today we have now officially submitted our application to get 501 (c) (3) status. When approved this means that any donations will be tax deductible at the 30% rate for a private foundations. The process was available online and was quite easy to submit. It took much longer to read all the instructions and fill out the form verifying that we could do it online. Now we wait and see how long it takes to get the approval.