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What is a Charitable Organization

Money or property that you donate to "qualified" charitable organizations can be included in your itemized deductions as a charitable contribution. But what is a "qualified" charity? The IRS provides an on-line search for qualified organizations.

A qualified charitable organization will fall into one of the following categories:

  • Churches, synagogues, temples, mosques, and other religious organizations.
  • Federal, state, and local governments, if your contribution is solely for public purposes. This generally includes local government, public schools, Indian tribal government, and governments of U.S. Possessions.
  • Nonprofit schools and hospitals.
  • Nonprofit volunteer fire companies, public parks and recreation facilities, and civil defense organizations.
  • Organizations organized and operated for charitable purposes, such as the Salvation Army, Red Cross, Goodwill Industries, United Way, Boy Scouts, Girl Scouts, March of Dimes, etc.
  • Certain organizations that foster national or international amateur sports competition.
  • War veterans' organizations, including posts, auxiliaries, trusts, or foundations organized in the United States or any of its possessions.
  • Domestic fraternal societies, orders, and associations operating under the lodge system.
  • Certain Canadian, Israeli and Mexican charities allowed by treaty - however, generally to deduct your contribution you must have income from sources within the country.

If you have questions regarding a specific charity or charitable contribution, please feel free to inquire with this office.

While the tax or legal information provided is based on our understanding of current laws, and has been gathered from sources believed to be reliable, it cannot be guaranteed. Federal tax laws are complex and subject to change. This information is not intended to be a substitute for specific individualized tax or legal advice and should only be relied upon when coordinated with individual professional advice. Neither FSC Securities Corporation, nor its registered representatives, provide tax or legal advice. As with all matters of a tax or legal nature, you should consult with your own tax or legal counsel for advice.