IRS TAX EXEMPT STATUS APPROVED

On September 28, 2011, the IRS APPROVED the U.S. Soo Bahk Do Moo Duk Kwan Foundation Inc’s. Tax Exempt Status.  The Foundation is now exempt from Federal Income Tax under section 501 (c) (3) of the Internal Revenue Code.

Contributions to the Foundation are now tax-deductible under section 1710 of the Code.  Additionally, the Foundation is qualitied to receive tax deductible bequests, devises, transfers or gifts under section 2055, 2106 or 2522 of the Code.

The Foundation’s Board of Directors would like to thank Mr. James Decoulos for dedicating a great deal of his time and legal expertise to ensure that the Foundation would realize this goal.  We thank him for his contribution and sincerley appreciate his service.