Under IRS's IRC Section 170, individuals giving to 501(c)(3) organizations that are either public charities, private operating foundations, and certain private foundations may deduct contributions representing up to 50% of the donor's adjusted gross income if the individual itemizes on his tax returns. Individuals giving to 501(c)(3) organizations that are private foundations may generally deduct contributions representing up to 30% of their adjusted gross income. Corporations may deduct all contributions to 501(c)(3) organizations (regardless of foundation status) up to an amount normally equal to 10% of their taxable income.

501(c)(3) status for charities and the related section 170 deduction for donors are important to many charitable groups. Some individuals and groups (and virtually all foundations) will not give to a charity if it does not have 501(c)(3) status (as no tax deduction would be allowed). Therefore, loss of this status can be harmful (if not fatal) to a charity's existence.

The "Wilson D. and Martha L. Matthews Charitable Foundation, Inc." is 501 (c)(3) approved and could be used a Charitable Deduction by Individuals and Corporations.  We would recommend that you consult your Tax Advisor on the regulations of getting a tax deduction.

Please make your check out to:

"Wilson D. and Martha L. Matthews Charitable Foundation, Inc."