Newspaper Column: Deductible Gifts to RA Projects?

Abstract

RA was created as a non-profit corporation exempt from federal income taxation, but gifts to RA don’t qualify the donor for an income-tax deduction. As part of a Strategic Plan adopted on February 26, 1998, RA has now established a non-profit subsidiary designed to permit donors to contribute to RA projects and qualify for tax deductions. Its lawyers and tax specialists believe that the Internal Revenue Service will issue a favorable ruling after directors and officers have been selected, permitting a ruling to be requested.