Quote:
Originally Posted by 2Curious  What is the name of your state (only U.S. law)? AZ
We are a new nonprofit in AZ and are in the process of launching a guidance program to youth (youth's families) and high school athletic programs (high schools) throughout the United States. In return for participation in our program we ask that they make a donation to our organization. We will not dictate the donation amount but those that donate over a certain amount will receive more benefits from the program. This donation is tax deductible for the individuals AND the high schools throughout the US correct? Again, we are a federally acknowledged 501(c)3 organization. |
You need to get yourselves a consult with both an attorney and a tax professional who specialize in not for profits.
I have a concern about you giving greater benefits to those who donate more. I can see potential problems there. If someone is paying for a service, at least part of their payment would not be tax deductible. Getting more benefits if you donate more, smacks of paying for a service. Also, unless a high school is a private, for profit organization, then whether or not something is tax deductible to the high school is irrelevant, because the high school will also be a non profit organization 99.99 percent of the time.
Again, gets some consults with some experts.
Linear Mode
