The US Virgin Islands offer a unique opportunity for those looking to make a difference in their community. As a tax-exempt, non-profit organization, the University of the Virgin Islands (UVI) provides individuals and companies with the chance to make a charitable donation that can help to achieve their individual goals. When making any financial decision, it is important to ensure that the donation is designed with care. UVI's institutional promotion professionals will work closely and confidentially with donors and their advisors to guarantee that their contribution is used in the most effective way possible. Expenditure responsibility is mandatory for any organization not described in Section 170 (b) (A) of the IRS, including for-profit companies, private operating foundations, and new public charities that do not yet have 501 (c) () status and support organizations that disqualify.
If the donor requests that the organization be changed, all remaining assets will be given to the original organization and a new fund must be established. If that organization ceases to exist or significantly alters its charitable purpose, the PWI Foundation will use its power of variance to find, if reasonably possible, a similar organization that matches the general intention of the donor. The Virgin Islands Community Foundation is a philanthropic organization that manages ongoing fundraising as well as essential programs and services for the benefit of citizens of the United States Virgin Islands. Grants must be used for charitable purposes and those grants can be recommended to any 501 (c) () () or verified charitable entity located in the United States or to any non-governmental organization outside the United States that has a verifiable charitable purpose. Membership is open to all companies and individuals who maintain a voluntary investment in annual fees and who are licensed to do business in the United States Virgin Islands. The power of variation gives the PWI Foundation the authority to modify any restriction or condition on the distribution of funds for specific charitable purposes or for specific organizations if, in the sole judgment of the PWI Foundation Board of Directors, such restriction or condition becomes unnecessary, unable to be met, or incompatible with the charitable needs of the community to which it provides services. Becoming a member of a non-profit organization in the US Virgin Islands offers many advantages.
Not only can individuals and companies make a difference in their community by donating funds, but they can also take advantage of tax exemptions and other incentives. Furthermore, organizations such as UVI and PWI Foundation provide donors with guidance and support throughout their donation process. With so many benefits available, joining a non-profit organization in the US Virgin Islands is an excellent way to make an impact.
