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ChiTown
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If I am the President of a new 501(c)(3) & currently the only full-time employee, can I still deduct the personal funds I donated, or is that indirectly 'for my benefit'?

 
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If I am the President of a new 501(c)(3) & currently the only full-time employee, can I still deduct the personal funds I donated, or is that indirectly 'for my benefit'?

Contributions to a 501(c)3 are deductible.  Look at page 6 column 3 and page 7 column 1 of the IRS Publication 526.  Based on this, the organization donated to the benefactor.  As long as the organization has been approved by IRS, i see the deduction as being a deductible charitable contribution. 

IRS link to Publication 526. 

https://www.irs.gov/pub/irs-pdf/p526.pdf

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If I am the President of a new 501(c)(3) & currently the only full-time employee, can I still deduct the personal funds I donated, or is that indirectly 'for my benefit'?

Contributions to a 501(c)3 are deductible.  Look at page 6 column 3 and page 7 column 1 of the IRS Publication 526.  Based on this, the organization donated to the benefactor.  As long as the organization has been approved by IRS, i see the deduction as being a deductible charitable contribution. 

IRS link to Publication 526. 

https://www.irs.gov/pub/irs-pdf/p526.pdf

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