7 Paths Blog

Every nonprofit exists in an ecosystem. For nonprofits the IRS is part of that ecosystem. Evergreen Leaders is a public charity so I recently skimmed through the IRS’s latest compliance guide for 501c3 organizations.

Since we are in the middle of a fundraising campaign I paid attention to the rules that cover donations. It says “A donor cannot claim a tax deduction for any single contribution of $250 or more unless the donor obtains a contemporaneous written acknowledgment of the contribution from the recipient public charity.”

What’s this about $250 or more threshold for any single contribution in order to claim a tax deduction?

Reading on I came to this: “Separate contributions are not aggregated for purposes of measuring the $250 threshold.”

If I am reading the IRS correctly, you have to make contributions of at least $250 to a 501c3 to claim a tax deduction.