Does giving to a school foundation go under charititable donations

nicolebrit · ‎June 5, 2019

MichaelMc · ‎June 5, 2019

Yes, if the foundation is recognized as a "qualified organization" by the Internal Revenue Service. If you receive any benefit from your contributions, only the excess over the value of what you receive can be taken as a tax-deductible contribution.

You can verify the foundation's tax status using this tool: IRS Exempt Organizations Select Check

For more information, please see IRS Pub. 526 Charitable Contributions.

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MichaelMc · ‎June 5, 2019

Yes, if the foundation is recognized as a "qualified organization" by the Internal Revenue Service. If you receive any benefit from your contributions, only the excess over the value of what you receive can be taken as a tax-deductible contribution.

You can verify the foundation's tax status using this tool: IRS Exempt Organizations Select Check

For more information, please see IRS Pub. 526 Charitable Contributions.