Announcement

Collapse
No announcement yet.

Alumni Scholarship fund

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Alumni Scholarship fund

    I am sure this is an easy one for most but I simply don't know.

    Are contributions to an Alumni Scholarship fund tax deductible?

    #2
    From TTB 4-15

    "Qualified Charitable Organizations
    To verify an organization is a charitable organization for tax purposes,
    call the IRS at 1-877-829-5500 or see the online version of
    IRS Pub. 78 at www.irs.gov."

    Or go directly to https://www.irs.gov/charities/articl...=96136,00.html

    There have been a lot of organizations that have last their tax exempt status for failure to file a 990 (including the postcard).

    Barbara

    Comment


      #3
      Thanks, I searched Pub. 78 before posting and noticed that no schools are listed, at least not the ones I checked.

      Maybe my conclusion that schools are not listed is wrong?

      Aren't public schools considered to be part of government? Can they ever loose their exempt status?

      How does the Alumni ***. figure into this picture?

      Comment


        #4
        Alumni

        Some Alumni Organizations set up a Tax Exempt foundations to receive Scholarship Funds, might not be under the "school"
        Maybe check with the Alumni Organization and ask them to provide their Tax Exempt Status paperwork.

        Sandy

        Comment

        Working...
        X