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Yonkers, NY 10703 1057, a Nonprofit Organization Form
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People also ask
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Is Consumer Reports a charity?
Today, CR is still an independent nonprofit with more than 6 million members who fight with their voices and choices for a fair and just marketplace—one that is responsive and resilient enough to deliver trust to consumers no matter what changes come their way.
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Is a consumer report subscription tax-deductible?
0:09 1:56 If they serve a business purpose For individuals. Personal expenses typically are not deductible.MoreIf they serve a business purpose For individuals. Personal expenses typically are not deductible.
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What does the consumer union do?
Founded in 1936, Consumers Union works to protect consumers by arming them with information about the products they use. Its monthly magazine, Consumer Reports, covers current issues of concern to consumers and features in-depth information on matters that affect their health, money, and well-being.
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Should I donate to consumer reports?
CR was rated as a nonprofit organization and received a four star rating with a 100% charity score from Charity Navigator. CR accepts gifts of cash, stock, qualified charitable distributions from IRAs, real estate, and gifts arranged through wills or estate plans.
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What types of donations are tax-deductible?
Generally, donations to qualifying charitable organizations are tax deductible. These can include: Cash donations: Contributions made in the form of cash, checks, electronic funds transfers, or credit card payments are usually deductible.
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Is consumer report a 501c3?
Consumer Reports is a not-for-profit organization under Section 501(c)(3) of the Internal Revenue Code. It follows the standards of accounting and financial reporting for nonprofits as prescribed by the American Institute of Certified Public Accountants.
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Are donations to consumer reports tax deductible?
You can contribute cash or securities to Consumer Reports for a charitable gift annuity, and in return, receive fixed-rate lifetime annuity payments and a charitable income tax deduction. Payments can begin immediately or be deferred.
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