<VV> Questions

Mark Corbin airvair at earthlink.net
Fri Aug 10 16:41:13 EDT 2007


I know donations to the CPF are tax deductable. Got a deduction for
donating #5999 back in '94, and the endowment fund would also be
deductable, as it's to the same organization (CPF).

I don't know if a donation to CORSA would be, though. I'd doubt it.

-Mark


> [Original Message]
> From: John Dozsa <jdozsa at carr.org>
> Subject: RE: <VV> Questions
>
> Mark or others,
>
> Are contributions to any of the three funds you mention considered 
> charitable contributions as defined by the Internal Revenue Service?
>
> John
>
> virtualvairs-request at corvair.org wrote:
> > "Mark Corbin" <airvair at earthlink.net>
> > Date:
> > Fri, 10 Aug 2007 10:48:30 -0400
> > To:
> > "sarahvair at juno.com" <sarahvair at juno.com>, virtualvairs at corvair.org
> > 
> > Personally, I think that our three most vital funds are, in order, Corsa
> > general fund, CPF endowment fund, and the CPF general fund. Those in a
> > donating mood should consider these three first and foremost, and as
Sarah
> > points out, divide large donations accordingly.
> > 
> > The Corsa general fund ensures the health of the organization, and
> > donations will help keep dues costs down. The CPF endowment fund, while
> > only accepting donations of $1000 or more, is vital in ensuring that the
> > museum property is self-sustaining, and the CPF general fund fills in
the
> > gap until the endowment fund can take over, in addition to funding
needed
> > here-and-now projects. BTW, a donation to the CPF endowment fund is a
great
> > way of memorializing a loved one, as donations can be made in their
memory,
> > and the fund goes on forever.
> > 
> > Everything else should come AFTER these three, as they are merely icing
on
> > the cake.
> > 
> > -Mark
> > 




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