Corporate Angel Network Gains Public Charity Status

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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