OUR THOUGHTS ON:

2011 Charitable Contribution Considerations

Tax

By Dennis Mowrey

The year 2011 is quickly slipping away, and it’s that time when people look to make charitable contributions. Who can I make a donation to? How much can I donate? What do I need to have if I want to take the donation on my tax return? These are all good questions.

You may deduct a charitable contribution on your tax return if the contribution is made to, or for the use of, any of the following organizations:

  • A state or United States possession
  • A community chest, corporation, trust, fund, or foundation organized or created in the U.S. or its possessions, and organized and operated exclusively for charitable, religious, educational, scientific or literary purposes, or for the prevention of cruelty to children or animals
  • A church, synagogue or other religious organization
  • War veterans’ organization
  • Nonprofit volunteer fire company
  • Domestic fraternal society

Contributions that cannot be deducted on a tax return include: contributions made to other individuals, contributions made to nonqualified organizations (civic leagues, social and sports clubs, labor unions, and chambers of commerce), contributions from which you derive some type of benefit, contributions to groups that are run for personal profit, homeowners associations, and contributions involving partial interest in a property.

Read more about 2011 Charitable Contributions Considerations.

© 2011 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.


This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2018 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

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