Federal tax-exempt 501(c)(3) status was granted to the Vietnamese Science & Culture Society of Oregon (VSCSO). Tax-exempt status is contingent on meeting all requirements during an advance ruling period which began in 2004 and ends in 2008. At the end of that period, VSCSO must submit information to establish that we have been a publicly supported organization.
Our status enables contributors to VSCSO to deduct their donations for tax purposes. The tax-exempt ruling qualifies VSCSO for future grant applications and matching donations from many local corporations. VSCSO will now apply to be on Oregon Culture Trust list of approved nonprofit cultural organizations. The Oregon Cultural Trustwww.culturaltrust.org is a long-term funding plan for preserving and strengthening Oregon's arts, heritage and humanities. The Trust is funded in part by private contributions made by individuals and corporations who receive a tax credit on their Oregon income tax when they (1) donate to a nonprofit cultural organization and (2) donate to the Oregon Cultural Trust.