Downey Art Vibe gains tax exempt status

DOWNEY - Downey Art Vibe was granted federal tax exemption status, the organization announced last weekDowney Art Vibe is the umbrella organization that operates Stay Gallery. Also last week, Downey Art Vibe announced plans for a new fundraising campaign to continue to operate and run the gallery. "We are going to need all the support we can get in order to reach a sustainable economic model, but all the hard work is proving to be worth it," said Valentin Flores, executive director of Downey Art Vibe and Stay Gallery. "Our federal tax exempt status will allow us to pursue an aggressive fundraising campaign by reaching out to foundations, philanthropy, corporations and local business for donations. "Our new status allows contributors to write-off all donations given to Downey Art Vibe and Stay Gallery." Downey Art Vibe is governed by a board of directors and advisory committee that is comprised of local community leaders. Former mayor Kirk Cartozian is chairman of the board of directors.

********** Published: June 13, 2013 - Volume 12 - Issue 09