American Friends of the Institute of Economic Affairs (“AFIEA”) is a charitable and educational non-profit corporation incorporated in the Commonwealth of Virginia and organized under the requirements of Section 501 (c)(3) of the Internal Revenue Code. Its purpose is to improve public understanding of the foundations of a free and harmonious society by expounding and analyzing the role of markets in solving economic and social problems, and it may work in coalition with other similarly educational organizations, including The Institute of Economic Affairs (“IEA”), to do the same.
A United States donor wishing to support the work of The IEA may make a donation to American Friends of the Institute of Economic Affairs expressing a preference that the gift be applied for the benefit of the IEA. This may be a convenient way for a United States taxpayer to obtain a tax deduction, whilst supporting the work of The Institute, or for a foundation to do so without having to conduct expenditure responsibility and undertake extensive overseas due diligence as required by the Internal Revenue Service.
As a 501 (c) 3 organisation providing support to a non-US charity, AFIEA is controlled by its board of directors independently of The IEA with grant decisions made at their sole discretion. Accordingly, AFIEA cannot legally guarantee that a donation made to AFIEA will be granted to the IEA; however, the directors of AFIEA are mindful of the intentions of their donors.
AFIEA’s status as a 501 (c)(3) tax-exempt public charity has been confirmed by the Internal Revenue Service.
If you have any questions, please contact Katherine Price, Secretary and Treasurer of AFIEA, at [email protected] Tel: 202-449-8459