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nicolebrit
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Does giving to a school foundation go under charititable donations

 
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‎June 5, 2019 4:12 PM
last updated ‎June 05, 2019 4:12 PM
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MichaelMc
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Does giving to a school foundation go under charititable donations

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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‎June 5, 2019 4:12 PM
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MichaelMc
New Member

Does giving to a school foundation go under charititable donations

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.

‎June 5, 2019 4:12 PM
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