|The Valtarese Foundation, Inc. was formed in 1991 by Italian-Americans whose roots lie in the Val di Taro, the Valley of the Taro River, located in the province of Parma in the Emilia-Romagna Region.
The Foundation wants to help the people of the Val di Taro. It raises money to pay for medical equipment for the hospital, provides resources for centers for the elderly and donates to various volunteer associations within the region. Donations are also made to several worthy organizations in the U.S.
The Valtarese Foundation is incorporated under Section 402 of Not-for-Profit Corporation Law of the State of New York. On October 23, 1991, the Internal Revenue Service designated the Valtarese Foundation exempt from Federal income taxes under section 501(a) of the Internal Revenue Code as an organization described in Section 501 (c) (3). IRS further specified that the Valtarese Foundation will be treated as a publicly supported charitable organization. Consequently, donations to the Valtarese Foundation are fully tax deductible at the federal, state and local levels.