The Scott Detherage Foundation is a 501(c)(3) non-profit organization!
In practice, it means that the government gives The Scott Detherage Foundation special tax privileges. The Scott Detherage Foundation does not pay ordinary income taxes, and gifts to The Scott Detherage Foundation are tax-deductible.
In principle, being a public charity means that The Scott Detherage Foundation has certain moral obligations. The government has given us special privileges in exchange for the good that we contribute to our community. We have an obligation to make our community a better place.
The IRS grants public charity status to organizations that operate for religious, charitable, educational, scientific, or literary purposes, or that work for the prevention of cruelty to children or animals.
If I make a gift to The Scott Detherage Foundation, is it tax-deductible?
The simple answer is, Yes! Really it is a little more complicated than that. Currently, federal law only permits people who itemize their deductions to deduct charitable gifts. So when you are filling out your federal income taxes, if you take the standard deduction you do not get to take any special deduction for your gifts to The Scott Detherage Foundation or other charities. However, if you have enough deductible expenses that you can itemize your deductions, then you can deduct the amount of your gifts to The Scott Detherage Foundation from your income. Most of the time (but not always) people who can itemize have either a home mortgage or medical expenses. If you aren’t sure whether you can itemize, check the IRS website or consult a tax advisor.
The Scott Detherage Foundation is happy to provide this information about public charities and tax-deductible gifts, but these are just guidelines, not expert advice. If you have more detailed questions, check out IRS publication 526, regarding charitable contributions, or consult an attorney or tax advisor. We are grateful for all the amazing and wonderful volunteers who contribute their time, creativity, and funds to help make The Scott Detherage Foundation successful and to make the community a better place.
Put your donations to work helping the future of our youth.
To donate to the Foundation, please mail a check payable to:
The Scott Detherage Foundation
c/o Randy Detherage
60 E. Rio Salado Parkway
Suite 900
Tempe, AZ 85281
or click on the PayPal Button below.
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