According to a recent Revenue Ruling that went into effect on May 22, 2006, Seller-funded DPA’s are not considered charitable organizations under the meaning of IRC 501(c)(3) of the US tax code.

As of July 1st, 2007 these 501(c)(3) operated DPA programs are to be discontinued.

As an Institutional Lender, you will need to begin to transfer your programs into an approved Government Sponsered DPA program.

The Federal American Government Grant Program can meet all of your needs and ease the burden of your transition.