It’s official: last week, the Internal Revenue Service recognized the Society for Foreign Affairs as a public charity under Section 501(c)(3) of the Internal Revenue Code. The immediate impact of the decision is that the Society is now a federally tax-exempt nonprofit. More broadly, the Society now has the same tax status as the country’s leading charities. Below are details on how the Society’s 501(c)(3) status affects you, how it helps the Society advance its mission, and what to expect in the years ahead.
For members and the general public, contributions to the Society are now federally tax-deductible. This support generally includes:
- Annual member dues;
- Gifts to the Annual Fund, Scholarship Endowment, or to create new programs; and
- In-kind (that is, non-cash) contributions.
For the Society, gaining 501(c)(3) status opens the door to wider public support, building momentum behind our mission to support the practice and study of foreign affairs and international business. The Society is already at work in five areas:
- Launching a peer-reviewed Journal of Foreign Affairs to provide a publicly-accessible forum for policy essays by Delta Phi Epsilon alumni, students, and practitioners in the broader foreign affairs community;
- Organizing an annual Emerging Research Award to provide scholarships to undergraduate and graduate Delta Phi Epsilon members;
- Organizing a Chapter Grant Program to support academic and professional development projects at Delta Phi Epsilon Professional Foreign Service Fraternity and Sorority chapters;
- Convening an annual Symposium to promote policy research by Society members; and
- Building a global community of foreign affairs practitioners, students, and scholars through public and private events and an online platform for Society members.
Going forward, the Society will continue to develop as a tool for advancing the values and substantive interests that lead so many to join Delta Phi Epsilon as students and to remain engaged as alumni. However, this can’t happen without help: we encourage alumni and students to become Society members; members to volunteer through sections, committees, or other leadership opportunities; and all to support our work by donating to the Annual Fund and Scholarship Endowment. With help, today’s announcement will be just one of many milestones in the years to come.