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| *Ostroff, Fair and Company>>>Government & Non-Profit |
Question re: Fundraising donations for non profit boys baseball team? |
My son is playing on an AAU baseball team and they are a non profit team with a tax exempt id number. Does that mean that any donation that I get for that team is tax deductible as defined by IRC section 501 漏 (3)?? Thanks in advance. I am trying to put together a sponsor letter but want to make sure that my info is accurate. Thanks Yes, donations to a non-profit, tax-exempt organization are tax deductible. The new tax laws are now pretty strict regarding receipts for tax-deductible donations, so I would include in the letter, "tax-deductible donation receipts are available" or something like that, because people will be asking for them. Yes it's deductible It's not the tax id that matters. The team must have a letter from the IRS indicating that they have 501(c)-3 status. |
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