Can newsletter sponsors deduct the costs they pay to publish information in our chapter’s newsletter?
Sponsors only will be able to deduct their expenses as a donation under Internal Revenue Code (IRC) 170(c)3 if the chapter is a qualifying nonprofit veterans organization, such as a 501(c)19, and meets the IRS’ membership requirement that states that at least 90 percent of the members are war veterans. (“War veterans” are defined as persons who have served in the U.S. Armed Forces during a period of war.) Substantially all other members must be cadets, spouses, or widows or widowers of war veterans or cadets.
