Donations and Contributions
Dr. Zillur R. Khan is the President of the Board of Trustees of the Bangladesh Foundation (BF). He has been instrumental in promulgating the charitable activities and fundraising of and for BF.
IRS (USA) has reconfirmed the tax-exempt status of BF. The IRS letter (ref.: 0437774131 Dec. 29, 2008 LTR 4168C ED 23-7111009 000000 00 000 00035655) stated “recognized you as exempt from Federal income tax, …under section 501 (c) (03) of the Internal Revenue Code…Donors may deduct contributions to you as provided in section 170 of the Code…Bequests, legacies, devises, transfers, or gifts to you or for your use are deductable for Federal estate and gift tax purposes if they meet the applicable provisions of sections 2055, 2106, and 2522 of the Code”.
The Tax exempt status also applies to donations from the Muslim community classified under ZAKAT.