Dylan's fund has applied for non profit status, it's not yet granted although they do have an EIN. It's costly to attempt to form a non profit organization. Lisa Irwin's is a fund that is tax exempt and is meant to be short in duration, less than a year. I researched this some time ago so I don't have links to support what I'm saying, but I'm sure if I figured it out, anyone interested could as well. Wells Fargo will explain it too.