CFP

By Investopedia AAA

Charitable Contributions And Deductions - Public Charities

Public Charities
Characteristics of these types of charity organizations include: broad public support, possible government financial support, name recognition and specific activities identified by statue such as religious, education, medical research, hospitals and government units. The exhibit below shows common examples of qualified charitable organizations versus non-qualified organizations.


Qualified Charitable Contributions
Non-qualified Charitable Contributions
Schools and hospitals (non-profit)
Country clubs, fraternal orders (Kiwanis, Rotary)
Red Cross, Salvation Army, Goodwill, United Way
Homeowner\'s associations, lobby groups
Churches, Temples, Synagogues
Republican or Democratic Campaign Committees
War Veteran\'s Groups
Organizations run for personal profit
Recreation facilities and public parks
Civic, Business and Labor Leagues or Unions
Federal, State and Local Governments
Foreign Governments and Charities
Humane Society, Prevention of Cruelty to Children
Tuition
YMCA, Boy and Girl Scouts, Cancer Societies
Physician or lawyers associations
Private Charities

You May Also Like

Related Articles
  1. Several things factor into the salary of a financial advisor. Here's a look.
    Investing Basics

    How Much Does A Financial Advisor Earn?

  2. With a long list of risks, losses associated with foreign exchange trading may be greater than initially expected. Here are the top 5 forex risks to avoid.
    Economics

    Top 5 Forex Risks Traders Should Consider

  3. ISAs are financial instruments that allow students to raise funds to pay for their degrees by selling shares in their future earnings.
    Investing Basics

    Funding Higher Education With An ISA

  4. Top Ways to protect your purchases from credit card hackers or security breaches.
    Credit & Loans

    7 Ways To Protect Against Credit Card ...

  5. The Internal Revenue Service's new 2015 contribution limits for tax-deferred savings plans are higher; here's what you and your clients should know.
    Investing Basics

    New 2015 Contribution Limits: Advisors ...

Trading Center