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Contributions are tax deductible.
The parties agree that all activities undertaken pursuant to this contribution shall be exclusively for charitable and educational purposes that qualify as exempt under Internal Revenue Code section 501(c)(3) and that no activities shall be undertaken to participate in, or intervene in any political campaign on behalf of or in opposition to any candidate for public office. Because no goods or services were received in return for this contribution, the gift is deductible for Federal tax purposes.