What Queen Ventures' Tax-Exempt Recognition Means

Recognition and effective date

The Internal Revenue Service issued Queen Ventures a determination letter dated May 5, 2025, recognizing exemption from federal income tax under Internal Revenue Code Section 501(c)(3). The exemption is effective May 1, 2023, and Queen Ventures is classified as a public charity under Section 170(b)(1)(A)(vi).

This post is being published on July 30, 2026 as part of a broader transparency update. It reports the date of the underlying IRS action without presenting this post as contemporaneous with that earlier milestone.

Responsibilities that come with recognition

Tax-exempt recognition carries ongoing responsibilities. The determination letter states that Queen Ventures must file the applicable Form 990-series annual return or notice, maintain appropriate records, operate for charitable and educational purposes, and avoid private inurement and prohibited political campaign intervention.

What donors should know

The letter states that contributions are deductible under Section 170, subject to applicable law and each donor's circumstances. Donors should keep receipts and consult a qualified tax adviser when they need advice about deductibility.