The Bono Way Charitable Foundation is tax-exempt under Section 501(c)(3) of the Internal Revenue Code. If you are a U.S. taxpayer, the Bono Way Charitable Foundation will issue you a receipt at the end of the tax year indicating that your contribution is fully tax deductible.
The Bono Way Inc is a for-profit company, that provides the tech platform for the Bono Foundation, through a licensing agreement.