Corporate Angel Network Gains Public Charity Status

Business Jet Traveler » February 2007
Thursday, February 1, 2007 - 4:00am
The IRS has classified the Corporate Angel Network, the nonprofit organization that provides free air transportation for cancer patients using empty seats on corporate aircraft, as a "public charity." The classification, which is retroactive to Jan. 1, 2001, means CAN donors receive the most favorable income-tax treatment for their donations, and that CAN may accept funding from private foundations. For additional information on CAN, call (914) 328-1313, or visit its Web site at www.CorpAngelNetwork.org.
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