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thanks. What are these "greater tax benefits of public charities"? They both qualify for deduction of contributions.
by AlbertCory 3y ago
thanks. What are these "greater tax benefits of public charities"? They both qualify for deduction of contributions.
- AlbertCory 3y agoI could look this up if I were inclined. I imagine, though, that a public charity is eligible to receive government grants or contracts.
- alexarnesen 3y agoContributions to charities can reduce taxable income up to 50% (of amount) for the donor. For foundations this figure maxes out at 30%.