The foundation of International Aircraft Dealers Association (IADA) has announced the IRS has approved the organization as a tax-exempt 501 (c) (3) public charitable organization, the company said.
This new designation by the IRS, will permit IADA to expand initiatives inside and outside the industry while building a cadre of business aviation professionals for the future.
IADA Foundation by-laws prescribe that the organization can provide business aviation scholarships, education, learning, and leadership opportunities. The organization is able to work through other organizations, including the National Business Aviation Association (NBAA), University of Virginia Darden School of Business, and Georgia State University, in addition to funding speakers at IADA annual meetings.
IADA is a professional trade association formed more than 25 years ago, promoting the growth and public understanding of the aircraft resale industry. IADA now offers the world´s only accreditation program for dealer organizations and the only certification program for individual brokers. The process delivers high standards of ethical business and transparency regarding aircraft transactions, leading to a more efficient and reliable marketplace.
