If an individual donates property other than cash to a qualified organization, the individual may generally deduct the fair market value of the property. possessions.Ī Type I, Type II, or functionally integrated Type III supporting organization.Ī non-functionally integrated Type III supporting organization.Ī supporting organization, unspecified type.Ĭontributions must actually be paid in cash or other property before the close of an individual's tax year to be deductible for that tax year, whether the individual uses the cash or accrual method. Certain foreign organizations that receive charitable contributions deductible pursuant to treaty are also included, as are organizations created in U.S.
These are generally organizations formed in the United States that conduct activities in foreign countries.
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Generally, a central organization holding a group exemption letter, whose subordinate units covered by the group exemption are also eligible to receive tax-deductible contributions, even though they are not separately listed.Ī domestic fraternal society, operating under the lodge system, but only if the contribution is to be used exclusively for charitable purposes.Ī charitable organization whose public charity status has not been determined.Īn organization described in section 170(c) of the Internal Revenue Code other than a public charity or private foundation.Ī foreign-addressed organization. Type of organization and use of contribution. These limitations (and organizational status) are indicated as follows: Individuals generally may deduct charitable contributions to other organizations up to 30% of their adjusted gross income (computed without regard to net operating loss carrybacks). In general, an individual who itemizes deductions may deduct contributions to most charitable organizations up to 50% (60% for cash contributions)% of his or her adjusted gross income computed without regard to net operating loss carrybacks.
Qualified nonprofit health insurance issuersĬooperative hospital service organizationsĬooperative service organizations of operating educational organizations National Railroad Retirement Investment Trust State-sponsored workers' compensation reinsurance organizations State-sponsored organizations providing health coverage for high-risk individuals
Title holding corporations or trusts with multiple persons Trusts described in section 4049 of the Employer Retirement Income Security Act Veterans organizations (created before 1880) Post or organization of past or present members of the armed forces Mutual insurance companies or associationsĬooperative organizations to finance crop operationsĮmployee funded pension trusts (created before June 25, 1959) State-chartered credit unions, mutual reserve funds Voluntary employees' beneficiary associationsĭomestic fraternal societies and associationsīenevolent life insurance associations, mutual ditch or irrigation companies, mutual or cooperative telephone companies, etc. Labor, agricultural, and horticultural organizationsīusiness leagues, chambers of commerce, real estate boards, etc.įraternal beneficiary societies and organizations Religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition, or prevention of cruelty to children or animals organizationsĬivic leagues, social welfare organizations, and local associations of employees Title holding corporations for exempt organizations The following table describes the meaning of each exemption type: The system will return all search results that match that type of tax-exempt organization. Select from the drop down menu the section of the Internal Revenue Code (IRC) that describes a type of organization that generally qualifies for exemption from federal income tax.
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