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IRS Designate the December 26th Tsunamis as a Qualified Disaster under §139 of the Internal Revenue Code. (March 2, 2005)
The designation of these events as qualified disasters means that employer-sponsored private foundations may choose to provide disaster relief to employee victims of the tsunamis. Due diligence should still be exercised, and organizations should consult IRS Publication 3833 Disaster Relief: Providing Assistance through Charitable Organizations.
Click here for the full text of the IRS announcement.