IRS Grants Tax Exempt Status to ARM Veterans Charity; NCO Group Enables Online Donations

ARMing Heroes (www.armingheroes.org), a non profit dedicated to helping U.S. veterans find jobs and other opportunities in the accounts receivable management industry (hence “ARM” in “ARMing”), today announced two major milestones in the organization’s development.

• The Internal Revenue Service has recognized the organization as a tax-exempt public charity, enabling any donations made to the organization to be taken as a tax deduction by the donor.

• The organization is now able to accept donations online through NCOePayments™, a service offering of NCO Financial Systems, Inc. NCO is providing this integrated payment solution to ARMing Heroes at no charge.

ARMing Heroes decided to tell the world about these two major milestones today, Veterans Day, in light of the continued need to remind all Americans about the sacrifices our military veterans make every day around the world, especially in this difficult economic time.  Donors interested in making a difference in the lives of our fighting men and woman can click here to visit the ARMing Heroes website and make a donation during the organization’s November fundraising drive. (http://www.armingheroes.org/donate-now.aspx)

The accounts receivable management industry has taken up the challenge of helping our veterans in many different ways.  While NCO now enables people to make donations on the ARMing Heroes website, a major bank gave the organization steep discounts on merchant fees associated with credit card donation processing, and EarthSky Studios (www.earthsky.net) delivered web development services at sharply reduced fees also.  There are collection agency owners and other industry professionals on the board of trustees, and more and more individuals in the industry have volunteered their time to support the organization’s outreach efforts in the veteran community.

Board of Trustees Vice President Howard Sorber commented, “As a disabled Vietnam Veteran I am thrilled that ARMing Heroes as attained its tax-exempt status so the organization can move forward in providing much-needed services to our vets. As a board member I want to thank all of the people and companies who have supported us so far in our efforts to help give back to our veterans.”

ARMing Heroes was founded and began operating in March, 2009.  The organization’s mission is to serve the needs of U.S. military veterans, including their spouse and children. ARMing Heroes fills a charitable niche by linking people identified with employment, credit, and financial counseling needs with the accounts receivable management industry, an industry uniquely poised to help in these areas.

The organization needs you to help organize and manage programs that will help veterans and their families in the following areas:

• Job Opportunities
• Job Training
• Business Development Mentoring
• Financial Counseling
• Direct Grants
• Credit Counseling, Debt Reduction & Forgiveness

Persons interested in volunteering their time and others interested in applying for benefits or pledging other forms of support are encouraged to contact the organization at www.armingheroes.org.