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Old 06-14-2006, 12:02 PM   #26
livingdustmops
Princess Poop A Lot
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Join Date: Nov 2005
Location: Colorado
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Courtney you are right regarding tax right offs. Unless YT is a 501c3 not for profit organization then members that donated to YT will not get a tax write off but they would if they had made the donation directly to UYR as they are classified as a 501c3. For this purpose I made my donation directly to UYR.

From Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Not-for-profit_corporation
A Not-for-profit corporation is a corporation created by statute, government or judicial authority that does not issue stock. It is created with a specific purpose, educational, charitable or related to other enumerated purposes, it may be a foundation, a charity or other type of non-profit organization. Such a corporation is subject to the general laws of corporations as adapted. In some cases it may also be a public corporation. In many countries these entities are subject to exemption from various tax laws, in certain circumstances. Regarding the more general group of organizations created for non-remunitary purposes see: Non-profit organization. Regarding US tax law applying to these organizations see: intermediate sanctions, unrelated business activities.
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