The process of setting up a non-profit organization and becoming a tax-exempt entity in the United States Virgin Islands (USVI) is relatively straightforward. The incorporation process is done through the office of the Secretary of State, while the IRS grants the tax exemption. For more information, readers can refer to our “How to Start a Nonprofit Organization” pages. The Virgin Islands Community Foundation (CFVI) was established to support recovery efforts in the USVI and the Caribbean Basin after two devastating Category 5 hurricanes caused catastrophic damage in St.
Thomas and St. John. There are many other organizations and individuals on the ground helping with relief initiatives, from churches and restaurants that have established canteens and distribute meals; to family centers that provide relief supplies. The CFVI's main objective is to create a collection of permanent funds, which will be used to improve the educational, physical, social, cultural and environmental well-being of children, young people and families in the Virgin Islands. The CFVI's statutes are a set of rules adopted by the organization to regulate its affairs and the behavior of its members.
Its mission statement is to serve both donors and nonprofit organizations in the USVI that want to ensure the highest quality of life for present and future generations. The CFVI grants funds from unlimited sources, focusing on innovative programs and projects that promise to become long-term answers to the needs of children, youth and families in the Virgin Islands. To truly evaluate a non-profit organization, it is important to reach out to those who receive its benefits. Differentiating your organization from others is an essential part of establishing yourself in your community. The CFVI has an impact on the future success of young people in school and in life by helping them and their families to develop an interest in reading. Below are some established non-profit community organizations based in the USVI that have been doing great things for years and have added funding for recovery after hurricanes to their list of ongoing projects.
The CFVI is governed by a board of directors composed of community leaders interested in the well-being of the Virgin Islands and led by professional staff. Incorporating a non-profit organization in the US Virgin Islands is not complicated. The Secretary of State handles incorporation while the IRS grants tax exemption status. To get started, readers can refer to our “How to Start a Nonprofit Organization” pages for more information. The Virgin Islands Community Foundation (CFVI) was created with a mission to improve educational, physical, social, cultural and environmental well-being for children, young people and families in the USVI.
The CFVI's statutes are designed to regulate its affairs and members' behavior. It grants funds from unlimited sources for innovative programs that promise long-term solutions for those in need. To evaluate a non-profit organization, it is important to reach out to those who benefit from it. The CFVI helps young people develop an interest in reading which can have a positive impact on their future success.
There are many established non-profit community organizations based in the USVI that have been doing great things for years. They have added funding for hurricane recovery efforts as part of their ongoing projects. The CFVI is governed by a board of directors composed of community leaders interested in improving life in the Virgin Islands.
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