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The fair market value of the benefits you receive in consideration for your contribution is $260 per person. The Asia Foundation retains five percent of donated funds for administration and fundraising costs. The Foundation is exempt under section 501(c)(3) of the Internal Revenue Code. Contributions to the Foundation may be tax-deductible as provided in section 170 of the Code; consult with a tax advisor or the IRS. The Asia Foundation’s Federal Identification Number is 94-1191246.