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coa89hht
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Are legal fees to establish a charitable foundation deductible?

 
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JulieR
Expert Alumni

Are legal fees to establish a charitable foundation deductible?

Yes. The start-up costs incurred to set-up a non-profit organization are deductible expenses for the organization.  

Also, if you personally paid these expenses on behalf of the organization, you make be able to take a charitable deduction for them on your individual return if the organization has been granted 501(c) status.  See http://www.irs.gov/publications/p17/ch24.html for additional information.

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JulieR
Expert Alumni

Are legal fees to establish a charitable foundation deductible?

Yes. The start-up costs incurred to set-up a non-profit organization are deductible expenses for the organization.  

Also, if you personally paid these expenses on behalf of the organization, you make be able to take a charitable deduction for them on your individual return if the organization has been granted 501(c) status.  See http://www.irs.gov/publications/p17/ch24.html for additional information.

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