Now it’s official — IRS approves Journalism Foundation as public charity, donations are tax deductible

By Dan Cotter, publisher

A huge sigh of relief and a fist pump were my first reactions, as well as a gaze skyward as I mouthed the words “thank you!” The tears welling up in my older friend’s eyes were his response when I told him.

Then we shared a long, hard hug.

After lots of research and preparation, and then six months of waiting for the application to be processed, Phil Camp and I recently learned that the IRS has approved the Woodstock Region Journalism Foundation’s application for tax-exempt status under section 501(c)(3) and deemed the Foundation to be a public charity.

The approval wasn’t in much doubt, really. But now it’s official.

The Foundation was established last August and it is primarily dedicated to preserving the Vermont Standard and its role in informing citizens and supporting democracy in our area well into the future. The Foundation has a board made up of local residents who care deeply about our community and the value local journalism provides. Phil and I are on the board too. Together, we’re working to keep the 171-year-old Vermont Standard going while taking steps to position the paper’s print and digital journalism for long-term sustainability.

Recognizing the critical role the Standard plays in informing and connecting our community, this Foundation wants to avoid letting our area become a “news desert,” as has happened in hundreds of other places throughout the US in recent years. Newspapers like the Standard are currently dying off at a pace of 2.5 per week. Nor do we want to end up like the hundreds of cities and towns where profit-seeking corporations that have no devotion to the public welfare have acquired their local paper and stripped it of its resources, to the point that it is only a pathetic shadow of its former self and incapable of doing its job.

Providing accurate, credible, reliable news and information to its audience is a local news organization’s primary role. A functioning democracy requires an informed, engaged public. The Woodstock Region Journalism Foundation’s board members, advisors and friends will help Phil and I in our mission to raise enough money to keep quality journalism flowing here.

So, I’m glad to report that any donation you’ve made to the Woodstock Region Journalism Foundation to support the Standard’s mission to inform, connect, and educate our community on issues of public importance is indeed tax-deductible dating back to the inception of the Foundation in late August 2023, as all donations will be going forward.

At 88 years old, Phil feels a real sense of urgency about making sure that our community will always have local journalism – especially given the 40+ years he’s dedicated to leading the paper and his unrivaled love for Woodstock and its surrounding towns. We know we’re in a race against the clock. But now, with the Foundation’s charity status and your tax deduction confirmed, we hope there will be even more support from donors and family foundations that will help us accomplish this very important mission.

Thank you from the bottom of our hearts for your encouragement and generosity. If you would like to contribute to our Annual Appeal, please send us a check at PO Box 88, Woodstock, VT 05091, or go to our Vermont Standard THIS WEEK website at https://thevermontstandard.com/annual-appeal/ to make a contribution with your credit card. Please be sure to make your check out to the “Woodstock Region Journalism Foundation.”