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Contribution Information Request Pd00000300

Contribution Information Request Pd00000300

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Instructions and help about Contribution Information Request Pd00000300

all right for this video i wanted to talk a little bit about charitable tax exempt organizations in the u.s and why it's important to verify that when you are making a contribution to an entity you know exactly what its tax status is so under u.s tax rules there's a huge difference between tax-exempt charitable organizations and then tax-exempt non-charitable organizations so what we're all most familiar with is 501c3 of the tax code so 501c3 are charitable organizations that are tax exempt under federal tax laws but if you look within 501c it starts at 501 c 1 2 3 4 and so on there's really 29 different types of what are considered tax exempt organizations but it's just this one 501c3 provision that is a charitable organization so why is that important because for you as an individual you can make contributions to any of these entities you want for the most part but it's only the 501c3 company that you can take a charitable tax deduction

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