Tax Exempt Status
and Deductibility of Contributions

The Queens Federation of Churches, Inc., is recognized by the Internal Revenue Service as a tax-exempt organization under §501(c)(3) of the Internal Revenue Code and is listed in IRS Publication 78, Cumulative List of Tax-Exempt Organizations. As an association of churches, the Federation is also exempt from filing IRS Form 990, Exempt Organization Informational Return. The original IRS Letter of Determination, issued January 28, 1955, has been updated by the IRS on August 3, 2001.

Donors are permitted to deduct contributions to the Queens Federation of Churches as provided in IRC §170. Bequests, legacies, devises, transfers, or gifts to the Federation are deductible for federal estate and gift tax purposes if they meet the applicable provisions of IRC §2055, §2106, and §2522. Charitable contributions may not exceed 50% of your adjusted gross income in any one year. Contributions in excess of this amount may be carried forward and deducted over the next five years.

To substantiate a donation of $250 or more, the IRS requires that the donor obtain a written receipt from the exempt organization. The Queens Federation of Churches routinely provides acknowledgement and receipts by mail for all cash contributions and payments, regardless of amount, as long as the donor's name and address are known. Contact the QFC Office (call 718-847-6764 or e-mail) if there is any question about the receipt of a contribution.

The total cost of a ticket to a fund raising event is not deductible. The IRS permits a deduction only for the amount by which any payment exceeds the cost of the meal (or product or service) provided and requires disclosure either in solicitation material or on receipts whenever the ticket price is $75 or more. The QFC provides this disclosure both in its solicitation and on its receipts.

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