[Novalug] Donations and Taxes
John Franklin
franklin@elfie.org
Sun Mar 17 13:30:01 EDT 2013
Tux.org, is a 501c(3). Donations to us would be tax deductible.
jf
On Mar 17, 2013, at 10:10 AM, greg pryzby wrote:
> MOST sites will tell you that donations are tax deductible and 'give you a receipt' for tax purposes.
>
> 501c3 is the magic term.
>
> Check with a tax advisor.
>
>
> On Sun, Mar 17, 2013 at 12:58 AM, Clif Flynt <CLIF@cflynt.com> wrote:
> Hi
> IANAL, but I set up the non-profit org for the annual Tcl conference
> and had to deal with some of this.
>
> This is what I think is true, but I won't swear that I've got
> everything absolutely correct.
>
> The magic words are 501c(3).
>
> If the organization has registered like that, donations are tax
> deductable. This is the "not for profit educational group" type
> IRS classification.
>
> Some organizations register themselves as 501c(6). This is a
> non-profit business cooperative. It's how the Tcl Community
> Association is incorporated, or a Dairymen's League or such.
>
> The c(6) can accept donations, but you do not get a tax deduction
> for donating to them.
>
> Hope this helps,
> Clif
>
> On Sat, Mar 16, 2013 at 09:16:55PM -0700, Subba Rao wrote:
> > Hello Everyone,
> >
> > There are multiple OSS products and some Linux distros that I like and would like to donate some money to them. If I give donation for some OSS product (example GIMP), is that donation money charity? Can that amount be deducted in taxes?
> >
> > Thank you in advance.
> >
> >
>
> --
> ... Clif Flynt ... http://www.cwflynt.com ... clif@cflynt.com ...
> .. Tcl/Tk: A Developer's Guide (3'd edition) - Morgan Kauffman ..
> .. 20'th Annual Tcl/Tk Conference: 2013, New Orleans, LA, USA ..
> ............. http://www.tcl.tk/community/tcl2013/ ............
>
>
>
>
>
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> --
> greg pryzby greg at pryzby dot org
> http://www.linkedin.com/in/gpryzby
>
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--
John Franklin
franklin@elfie.org
ICBM: 39º 01' 58.4"N 77º 24' 49.6"W Z+84m
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