IRA Charitable Contribution to pay private school tuition.
My son’s grandmother (age 75) wants to send her 2007 RMD directly to my son’s private school to pay part of his tuition. Does this quality as an IRA Charitable Contribution?
My son’s grandmother (age 75) wants to send her 2007 RMD directly to my son’s private school to pay part of his tuition. Does this quality as an IRA Charitable Contribution?
Permalink Submitted by Glenn Hammill on Tue, 2007-12-04 22:19
This is a private benefit payment as opposed to supporting a public charity. Since there is no charitable intent, it is not deductible as a charitable contribution.
Glenn