charitable contribution

(redirected from Charitable contributions)
Also found in: Financial.

charitable contribution

n. in taxation, a contribution to an organization which is officially created for charitable, religious, educational, scientific, artistic, literary, or other good works. Such contributions are deductible from gross income, and thus lower the taxes paid. (See: charitable remainder trust, charity)

References in periodicals archive ?
A CHARITABLE remainder trust (CRT) combined with a wealth replacement trust enables clients to take maximum advantage of the income tax benefits of charitable contributions while also funding a trust to offset assets lost to heirs.
As the company's annual charitable contributions giving campaign comes to a close, Allstate Insurance Company together with its employees and agencies and The Allstate Foundation have now contributed more than $6 million to help the thousands of Hurricane Katrina victims rebuild their lives.
For two succeeding years, George Powell deducted payments to the Church of scientology as charitable contributions.
ScanStore offers a solution that helps UK nonprofits manage the complicated indexing, storage, and retrieval of donor declarations that are required to make Gift Aid claims to Inland Revenue that are associated with charitable contributions.
170A-10(d)(1)-(3) for a detailed explanation, including examples on the effect of NOL carrybacks and carryovers on charitable contributions.
Contributions to colleges or universities for other athletic benefits (such as parking benefits, media guides or other entitlements) are not included in this exception and must be measured against the general guidelines governing charitable contributions.
Canada and Israel, receives charitable contributions primarily from private individuals and family foundations.
If a contribution of property other than cash is made and the amount claimed as a deduction exceeds $500, the taxpayer must attach a properly completed Form 8283, Noncash Charitable Contributions, to the return.
Unused tickets qualify as charitable contributions if returned to the organization (Rev.
The company's contribution ensures that 100 percent of every dollar PG&E customers and employees donate goes directly to help the elderly, disabled, sick, working poor and others in desperate need of energy assistance," says Dan Quigley, PG&E's director of charitable contributions.
The taxpayers claimed their First Amendment rights were being violated and cited Hernandez, a 1989 case that discussed charitable contributions comparable to the tuition payments in question.