Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are additional contributions to the NPT Donor Advised Fund tax-deductible?

April 26, 2017additional advised contributions donor fund NPT tax-deductible

0

Posted

Are additional contributions to the NPT Donor Advised Fund tax-deductible?

1 Answer

0

Posted

Yes. You will be eligible for a federal income tax deduction for a charitable contribution on the date the contribution is made to NPT. This is subject to the deductibility limitations set by law. Please consult your legal or tax advisor to review your personal situation. Please note that since you are eligible for a tax deduction at the time you make your contribution to NPT, any other receipts you may receive (e.g., from a public charity to which you recommended a grant) are duplicative and cannot be used for tax purposes.