Soul Tribes International Ministries (“Soul Tribes” or the “Organization”), a 508(c)(1)(a) non-profit pioneer in the use of psychedelic therapy and spiritual healing to address the nation’s mental health crisis, today announced the launch of the world’s first tax-exempt bond offering (the “Offering”) focused on the rapidly expanding plant-based psychedelic products space (Soulbonds.org).
Bonds purchased through the Offering will carry a 10% (ten percent) annual coupon rate of return. In addition, all investment returns derived from bonds purchased through the Offering will be entirely exempt from municipal, state, and federal taxation pursuant to the Organization’s 508(c)(1)(a) status as a Faith-Based Organization (see here for proof of tax-exempt status). As an example, every $10,000 investment will generate $1,000 in interest income per year that is entirely tax-free.
To learn more about participating in this opportunity, please go to www.soulbonds.org.
“The introduction of the world’s first tax-exempt psychedelics bond offering represents a significant milestone for the burgeoning psilocybin industry and a positive development for faith-based organizations such as Soul Tribes, as well as the broader community,” said Shaman Bobby Shu, Founder of Soul Tribes International Ministries and Soulbonds.org. “The funds raised through these bonds will not only offer crucial capital resources but also provide investors with a meaningful opportunity to contribute to the well-being of the communities they serve.”
Soul Tribes’ visionary founders played an integral role in the passing of Detroit’s Proposition E (2021), which decriminalized plant-based medicines for therapeutic purposes and authorized the commercialization of related therapy services in Detroit. Building on this legislation, proceeds from the bond offering will be utilized to advance the following four strategic initiatives:
