Financial and legal disclosures

A Breath of Hope Lung Foundation is 100% supported by philanthropy. We take our nonprofit legal and financial obligations seriously. We make it a priority to make every donor feel comfortable and inspired to support our work.

Donors can rest assured that our organization is 100% compliant and proud to use its charitable gifts to advance our mission to end lung cancer.

A Breath of Hope is proud to carry the ‘Best Practices’ stamp of approval from the Minnesota Charities Review Council and a gold stamp of approval from Guidestar.

“GuideStar Nonprofit Profiles help the sector take a leap forward from data and information about charities to powerful knowledge and insight to help us make informed decisions.”

—Victoria Vrana,
Senior Program Officer, The Bill & Melinda Gates Foundation

501(c)(3) Status Form

Annual Reports:

Click the year to view and download the Annual Report below:

  • 2016 – Note that 87 cents of each donor’s dollar goes straight to mission and programs!
  • 2017 – Note that 85 cents of each donor’s dollar goes straight to mission and programs! The rest pays for administrative and direct fundraising costs, such as technology, accounting, Gala expenses, etc.
  • 2018 – More than 80 cents of each donor’s dollar goes straight to mission and programs. The IRS requires 75 cents to program. We continue to seek ways to keep administrative costs low, while running a compliant and efficient nonprofit business.
  • 2019 – Note that 78 cents of each donor’s dollar goes straight to mission and programs!
  • 2020 – Note that 75 cents goes directly to programs, and 25 cents supports fundraising and accounting work.
  • 2021 – Note that 80 cents of each donor’s dollar goes directly to programs and our mission!
  • 2022 – Note that nearly 85 cents of each dollar donated went directly to programs and our mission!
  • 2023 – Note that 80 cents of each donor’s dollar goes directly to programs and our mission! The other 20 cents support our admin and fundraising efforts.

990 Tax Forms:

DISCLAIMER

Information on this website is not intended as legal or tax advice. For information on how any gift may affect your tax situation, please consult with your own professional adviser.

The Pandemic Stimulus Bill: How it benefits donors

The CARES (Coronavirus Aid, Relief and Economic Security) Act was extended into 2021. This stimulus bill includes important benefits for some of our donors as they consider their charitable giving.

  1. Donors who make smaller gifts will be able to deduct them up to $300. This “above the line” deduction can be used for contributions of cash only (not stock) to qualified charitable organizations.
  2. Donors who make larger gifts will be able to deduct a much higher amount. Under past laws, an individual could deduct up to 60% of their adjusted gross income (AGI) for charitable deductions of cash. The stimulus package lifts that restriction, so that an individual can make a gift of cash only (so once again, not stock) and deduct it up to 100% of their AGI for the year 2020.
  3. Corporations have much greater incentives to make charitable gifts. Usually, corporate charitable gifts are limited to 10% of taxable income for the corporation. That limit has been increased to 25% of the taxable income, making charitable gifts much more attractive to companies.