Qualified Charitable Organization

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Dictionary Says

Definition of 'Qualified Charitable Organization'

A nonprofit organization that qualifies for tax-exempt status according to the U.S. Treasury. Qualified charitable organizations must be operated exclusively for religious, charitable, scientific, literary or educational purposes, or for the prevention of cruelty to animals or children, or the development of amateur sports.

Nonprofit veterans' organizations, fraternal lodge groups, cemetery and burial companies and certain legal corporations can also qualify. Even federal, state and local governments can be considered qualified charitable organizations if money that is donated to them is earmarked for charitable causes.

Investopedia Says

Investopedia explains 'Qualified Charitable Organization'

Only donations that are made to a qualified charitable organization are tax-deductible. Organizations that do not qualify for this status are considered for-profit and are taxed accordingly.

For example, political contributions are not tax-deductible, because political parties are not charitable institutions. On the other hand, contributions to an organization dedicated to building hospitals in third-world countries would likely be a charitable organization, and contributions would be tax deductible.
Search results for

'Qualified Charitable Organization'

  • Using Life Insurance To Make Charitable Donations

    http://www.investopedia.com/articles/insurance/10/giving-to-charity-using-life-insurance.asp
    ... charity chosen must also be a qualified 501(c ... that meets the IRS definition of a
    nonprofit organization. ... involved than merely purchasing a charitable gift rider ...

  • Give To Charity; Slash Your Tax Payment

    http://www.investopedia.com/articles/tax/10/give-to-charity-taxes.asp
    ... know. Logging Miles When you volunteer for a qualified charitable organization,
    you can deduct gas and oil costs for travel time. ...

  • Deducting Your Donations

    http://www.investopedia.com/articles/pf/06/CharitableDeductions.asp
    ... When contributing to a qualified organization, your donation ... a written appraisal
    from a qualified appraiser. ... many things to know about charitable donations and ...

  • Fiduciary Designations Enhance Planning Career

    http://www.investopedia.com/articles/professionaleducation/07/AIF-AIFA.asp
    ... be placed above the organization's own, to ... ever being entrusted to fiduciaries of
    charitable endowments, retirement ... AIFAs are qualified to perform these audit ...

  • 10 Steps To Tax Preparation

    http://www.investopedia.com/articles/pf/07/tax_prep.asp
    ... baskets or to any other certified charitable organization. ... of time to contact the
    organization and obtain ... Reminder: The credit for qualified hybrid vehicles ...

  • Series 26 Study Guide - Investment Companies - Securities Act of ...

    http://www.investopedia.com/exam-guide/series-26/investment-companies/securities-act-1933.asp
    ... 4.5 Other Qualified Retirement Plans; 4.6 Non-Qualified Employer-Sponsored ... federal
    government, state or local government or a church or charitable organization. ...

  • Find Your Niche Market

    http://www.investopedia.com/articles/financialcareers/07/idea-clients.asp
    ... Professional organizations; Social clubs; Charitable foundations. A good strategy
    is to become involved ... pair you up for a round of golf with qualified prospects. ...

  • Gifting Your Retirement Assets To Charity

    http://www.investopedia.com/articles/retirement/05/GiftingToCharity.asp
    ... as a qualified terminable interest property trust (QTIP) or a charitable remainder
    trust ... want to make sure that the charity is a qualified organization for tax ...

  • Do nonprofit organizations pay taxes?

    http://www.investopedia.com/ask/answers/08/nonprofit-tax.asp
    ... IRS) tax code exempts qualified nonprofit organizations ... and operated exclusively
    for charitable, scientific, religious ... If a nonprofit organization engages in ...

  • Series 6 Study Guide - Securities Industry Regulations - The ...

    http://www.investopedia.com/exam-guide/finra-series-6/securities-industry-regulations/securities-act-1933.asp
    ... 8.1 Introduction; 8.2 Employee Sponsored Retirement Plans; 8.3 Qualified
    Employer-Sponsored ... state or local government, or a church or charitable organization. ...

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