QUALIFIED CHARITABLE DEDUCTION

Submitted by Lawrence J. Kruger on Wed, 2011-03-30 20:24

What is considered a “qualified charity” for purposes of the Qualified Charitable Deduction? The information on the IRS site seems very sketchy. Of specific interest to me is whether a private foundation is considered a qualified charity for the QCD and if there are parameters to to the qualification if a private foundation is a qualified charity.



Submitted by Alan Spross on Wed, 2011-03-30 20:38

Under Sec 1201 of the PPA, a QCD cannot be made to either a private foundation or a donor advised fund. There have been no changes to those restrictions in the recent Congressional extensions of the QCD.



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