• Ullallulloo@civilloquy.com
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      7 months ago

      My bad, that’s true. I guess it’s that private foundations are more limited in how much you can deduct. To qualify as a public charity, a foundation needs to get at least a third of its funding from the public and have other board members, so they can’t just be self-funded and self-directed. A private foundation still has to be for a qualified charitable purpose but only lets you deduct half as much of contributions.