The Lotta Foundation’s mission is to help reduce the negative impact of poverty and illness on both adults and children in our community. In pursuit of this mission, the Foundation applied for and received 501(c)(3) tax-exempt status from the IRS. The Lotta Foundation board has been notified that the IRS revoked its 501(c)(3) tax-exempt status in 2017 due to an error within IRS records as to the date the Foundation was organized. In response to this, the Lotta Foundation has submitted filings for reinstatement with the IRS. The board has been working with the IRS to clear the error, fully anticipates the request for reinstatement to be recognized, and has assurances under IRS regulations that the reinstatement will be retroactive to the date of revocation. Once written notification of reinstatement is received from the IRS, we will update the community.
The Lotta Foundation is truly appreciative of every coat, toy and financial commitment made, or to be made, in pursuit of our mission to make a positive impact on our local community. We welcome your continued efforts as we move forward with this mission.