Non-profit Status

60 Summits Project, Inc. is a non-profit corporation organized under the laws of Massachusetts, incorporated in May, 2007.

A non-profit corporation has no owners and as a result can never be sold - there is no ownership value.

On the advice of our counsel, based on the nature of our current programs and funding sources, 60 Summits Project, Inc. has elected not to apply for 501(c)3 status with the IRS. As a result, payments to the 60 Summits Project are not deductible for tax purposes as charitable contributions. Payments may be deductible as another type of business expense, however.