|
|
| |
|
|
 |
A general description of the activity including its purpose and
function:
All
contributions received by the RAHMAT FOUNDATION are fully tax-deductible
not only for federal tax purposes but for state tax purposes as
well. The foundation, in accordance with its mission and set of
by-laws will endeavor to provide educational, career development,
and sustenance opportunities for the disadvantaged, handicapped
and orphan students under the legal age of eighteen in the US, followed
by a subsequent expansion into selected legal institutions overseas.
The Foundation will achieve the above goal by establishing an endowment
and or trust funds as set up by the Founders and other contributions,
and annual fund raising drives.
|
|
|
When it was or will be initiated?
Rahmat
Foundation has indeed been registered as a S-type corporation in the
state of New York. Some modest degree of fundraising efforts has been
mapped out by identifying prospective donors. |
|
|
How,
when, where and by whom it is or will be conducted?
Its
Officers and Board of Directors including Mr. And Mrs. Bagher R.
and Khojasteh Harand will carry out the daily activities of the
RAHMAT FOUNDATION.
|
|
|
Requirements
a person or organization must meet in order to participate
in or receive benefit form the activity:
Consistent
with a set of eligibility criteria procedural guidelines for evaluation,
individuals or institutions will either be selected, or they could
solicit funds. Particular emphasis will be placed upon individuals
or institutions that serve handicapped, disabled, or orphans. |
|
|
What
the activity have been accomplished or will be accomplished.
It
does provide educational, career development, shelter or sustenance
funds. |
|
|
Percentage
of time and funds devoted to this activity:
Mr.
And Mrs. Harand will give pro bono their full-time dedication to these
endeavors. A cadre of volunteers will also be recruited to provide
their input gratis. Every conceivable efforts will be made to minimize
the overhead and indirect cost such as Office, utilities, staff, transportation,
etc., as close to zero as possible. When the Foundation's financial
objectives are achieved, certain found not exceeding half of the annual
grants will be devoted to overseas institutions in the third world.
In such cases, funds will be specifically dispensed for goals as set
above. Interim and final report to assess the effectiveness of the
outcome will then be required of such overseas agencies. |
|
| |
|
|
|
|
| |
| Tax
ID: 31-1752474 |
| Foundation
Status Classification: 501 (c) |
| Date
of Registration: July 07, 2000 |
| Tax
exempt status as of May 09, 2001 |
| |
|
