Taxes and Your Donation

Beyond an investment from your heart, a donation to AMDF can also be a financial benefit come tax time.

Here are some considerations to ensure you get the maximum benefit from your generous

• As a nonprofit corporation, AMDF is classified by the Internal Revenue Services as
exempt under IRC Section 501(c)(3) and as a public charity under IRC Section 509.

• Keep records of your donations, including importantly, receipts or letters from AMDF
acknowledging receipt of your donation.

• Donations of more than $250 must be supported by record of payment from your bank.
(Cancelled check, bank statement, etc.)

• If you volunteer, you cannot deduct the value of your services, but you may be able to
deduct some expenses if they are:

• Not reimbursed through your employer or anyone else

• Directly connected with the services you performed

• Expenses you had only as a result of your volunteer work

• Not personal, living or family expenses

• Generally, no more than 50 percent of your adjusted gross income can be deducted. If you donate more, carry that undeductable amount over into the next year.

We recommend you contact a tax professional for more information.

In addition to donations from individuals, the following ways of giving also qualify for maximum tax benefits.


Private Foundations

As a public charity, AMDF is qualified to receive grants from private foundations. A grant to AMDF will help your foundation satisfy its annual distribution requirements while helping AMDF accomplish its mission of serving graduating high school students.

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