On 4-23-13, the IRS officially designated GSRSV as a tax-exempt charitable organization under Section 501(c)(3) of the Internal Revenue Code, retroactive to 2-14-12. As of 2-14-12, all donations to GSRSV are tax deductible to the full extent of the law. Though having tax-exempt status will surely help GSRSV raise more money through donations, there's no guarantee those donations will be enough to cover GSRSV's operating expenses.
Since its inception in February 2001, I (Brian Foran) have funded GSRSV primarily on my own. My annual expenses running GSRSV always far exceed the income I receive from adoption fees, donations, and boarding--and that's not even counting the expense of my mortgage (approx $2220/mo) for the 45-acre property I purchased specifically to operate GSRSV! The following table illustrates the disparity between my income and expenses operating GSRSV between 2007-2011.
I am not independently wealthy. I have been covering the operating losses of GSRSV since 2001 from the money I saved working for the State of CA for 14½ yrs and the proceeds from the sale of the two previous houses that I lived in. Because I take care of so many dogs at my rescue facility (usually about 25 dogs or more), it is nearly impossible for me to "go back to to work", so I'm unable to supplement my rescue-related income.
My savings are now precariously low, and in 2012, I had to begin drawing from my pension fund to keep from "going under." Though the monthly pension payment ($1500/month) helps significantly, I am still in negative cash flow each month with my mortgage payment of $2220.
How Can I Help?
To make a monetary donation, please either click on the PayPal button below,
or mail a check, made out to GSRSV, to:
Thanks for your support!