EFTA Document EFTA01390441

INTERNAL REVENUE SERVICE P. O. SOX 2508 CINCINNATI, OR 45201 Oates 11011 0 I 2apt J EPSTEIN VIRGIN ISLANDS FOUNDATION INC 6100 RED HOOK QUARTER STE B-3 ST THOMAS, VI 00602 DEPARTMENT OF 11Mr1111164nrk - lo et Identification Number' s Contact Person: ASHOIC B JOSE! Contact Telephone Number£ Accounting ne ninding: December 31 Addendum Applies: No Dear Applicant, Rased on information supplied, and assuming yOur operations will be as stated in your application for recognition-' of exemption, we have determined you are exempt from Federal income tax under sectionmS0l(a) of the Internal Revenue Code as an organization described iirzeoctico501(0) (3). We have further determined that, as.#,Olcated in your application, you . are a private foundation within the meaning'ofweection 500(a) of -the Code. In this letter we are not determining wlnitther yettare an operating foundation as defined in section 4942(2)(3). by •1/4. If your sources of support,, er,YoUr PWrposes, character, or method of operation change, please let Q4064406 we can. consider the effect of. the Change on 1;cur exempt status and.foundation statue. In the case of an amend- ment to your organizational doeUmentver bylaws, please send us a copy of the amended document or bylass:, Alsetybu should. inform us Of all changes in your name or address. fr 7 A. of January li:.1984i you are liable for taxes under the Federal Insurance eontribution0Act (social security taxes) On remuneration of 9100 or more you pay to each of your.employees during a calepdar year. You are not liable for the tax impoSed under the Federal Unemployment Tax Act (FUTA). However, since you are a private foundation, yOu are subject to excise taxes under chapter 42 of the Code. You also stay be subject to other. Federal excise taxes. If you have any questions about excise, employment, or other Federal taxes, please let us know. Donors may deduct contributions to you as provided in (section 170 of the Code. Bequests, legacies, devises, tranofero, or gifts to you or for your use are deductible for Federal estate and gift tax purposes if they meet the applicable provisions of sections 2055, 2106, and 2522 of the Code. Contribution deductions are allowable to donors only to the extent that their contributions are gifts, with no consideration received. Ticket pur- chases and similar payments in conjunction with fundraising events may not necessarily qualify as deductible contributions, depending on the circum- Letter 1076 (voice.) CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0094947 SDNY_GM_00241131 EFTA01390441