Set-up of Charitable Organization

[Unregistered]

I have a client who wants to set up a fund/organization (at a bank) to help with medical costs for a relative with cancer. They want to make sure the contributions are tax deductible as charity. Everything I read says an individual will not qualify, neither will an org if the monies go towards the benefit shareholder or related person.

Can it be set up so the gifts are tax deductible?? Briefly, how??

[Gretel]

I agree with your findings. If org. doesn't benefit the general public, no way to have a tax deductible donation.

[Bees Knees]

It cannot be done...Unless you want to set up a charity to give money to ALL cancer victims in the community.

Churches sometimes help members of their congregations in situations such as these. Members donate to the church, and the church then divis out the funds. I think even the church has to be careful in how they do this.

[jainen]

educational foundation

I've got two kids in college. I think an educational foundation to pay their tuition is just the ticket. I'll make charitable donations that it can use for scholarships.