CDISC Acquires 501(c)(3) Non-Profit Status

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On Monday, 5 December, CDISC was notified by the U.S. Internal Revenue Service (IRS) that it is approved as a 501(c)(3) organization, recognizing CDISC as a charitable organization retroactive to May 2011. While CDISC has been a 501(c) tax-exempt, non-profit organization since February 2000, this new status offers added benefits to assist CDISC in achieving its mission, vision and goals.

20 December 2011 (PRWEB) December 20, 2011 -- On Monday, 5 December, CDISC was notified by the U.S. Internal Revenue Service (IRS) that it is approved as a 501(c)(3) organization, recognizing CDISC as a charitable organization retroactive to May 2011. While CDISC has been a 501(c) tax-exempt, non-profit organization since February 2000, this new status offers added benefits to assist CDISC in achieving its mission, vision and goals.

Just one of the benefits of this new status is the ability to receive tax-deductible contributions from individual and corporate donors. This will assist in promoting CDISC’s message to a broader audience, enhancing CDISC’s capacity to locate funds through diverse means. CDISC has always been exempt from paying federal corporate income tax, but will now no longer be required to pay sales tax; this will allow for these funds to be put toward CDISC’s strategic goals, which include the development of global disease-specific research standards to benefit patients around the world.

“With our new 501(c)(3) status, individual and corporate contributions to CDISC not only will further our mission and help patients on a global scale, but will now also further assist our donors through the provision of tax deductions on their contributions,” stated Shirley Williams, CDISC Executive Vice President, Finance and Administration. “It will also allow our benefactors to gain recognition via our website and global network.”

Contributions to CDISC can currently be made through several different means. Organizations that hold membership with CDISC acquire their status and benefits through annual monetary donations, and can elect to support CDISC events through additional monetary or in-kind donations. With our newly acquired status, CDISC envisions the addition of a third option to allow online contributions not only from organizations, but also from interested individuals who wish to contribute to the mission, vision and strategic goals of CDISC.

ABOUT CDISC
CDISC is a global, open, multidisciplinary, neutral non-profit organization that has established standards to support the acquisition, exchange, submission and archive of clinical/medical research data and metadata through a consensus-based process. The CDISC mission is to develop and support global, platform-independent data standards that enable information system interoperability to improve medical research and related areas of healthcare. The CDISC Vision: Informing patient care and safety through higher quality medical research. CDISC standards are open and freely available via the CDISC website. Additional information on CDISC can be accessed at http://www.cdisc.org.

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Diana Harakeh
CDISC
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