The following information has been extracted from a letter dated May 24, 2007, from the Internal Revenue Service to The Olevolos Project , INC:

"Dear Applicant: We are please to inform you that upon review of your application for tax exempt status we have determined that you are exempt from Federal income tax under section 501(c)(c) of the Internal Revenue Code. Contributions to you are deductible under section 170 of the Code. You are also qualified to receive tax deductible bequests, devises, transfers or gifts under section 2055, 2106 or 2533 of the Code..."