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The Boston Globe

Metro

One Fund gets tax-exempt nonprofit status

The One Fund Boston Inc., which has raised more than $30 million to benefit victims of the Boston Marathon bombing, has officially become a tax-exempt nonprofit, according to Dot Joyce, a spokeswoman for Boston Mayor Thomas M. Menino.

The IRS approval clears the way for the fund to collect millions of dollars in pledges that were contingent on the fund becoming a 501(c)3 nonprofit. The fund has received more than $12 million from individuals and more than $17 million in pledges from corporations.

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