charitable contribution

charitable contribution
Donations of money or other valuable items to charitable organizations; often tax-deductible.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

charitable contribution
Cash or cash equivalent (goods or property) donated to a charitable organization. If made to a qualified recipient (one officially created for charitable, religious, educational, scientific, artistic, literary, or other good works), then charitable contributions are tax deductible.
Category: Nonprofits

Nolo’s Plain-English Law Dictionary. . 2009.

charitable contribution
n. A voluntary contribution of money or property to an organization involved in charitable activities and without getting or expecting to receive anything of value in return.

Webster's New World Law Dictionary. . 2000.

charitable contribution
   in taxation, a contribution to an organization which is officially created for charitable, religious, educational, scientific, artistic, literary, or other good works. Such contributions are deductible from gross income, and thus lower the taxes paid.
   See also: charity

Law dictionary. . 2013.

Look at other dictionaries:

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  • charitable deduction — In taxes, a contribution to a qualified charity or other tax exempt institution for which taxpayer may claim a deduction on his tax return. I.R.C. No. 170(c). Also applicable to trusts. I.R.C. No. 512(b)(ll). As regards tax exempt status of… …   Black's law dictionary

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