Charitable Contribution

Cash or financial instruments given to charity by an individual debtor. The scope is otherwise similar to tax-deductable charitable gifts, and the bankruptcy code permits certain amounts of charitable giving prior to and during bankruptcy.

Blog Posts

We have discussed Charitable Contribution in the following posts on our bankruptcy blog:

The Bankruptcy Code and Charitable Contributions

Dec 9, 2011

Millions of Americans support charitable and religious organizations with financial gifts every year. For some time, Congress has articulated a public policy in favor of charitable giving. The best known example is the charitable income tax deduction, which has been around since the War Revenue Act of 1917. This public policy also led to the adoption of the Religious Liberty and Charitable Donation Act of 1998 and a follow-on Religious Liberty and Charitable Donation Clarification Act of 2006.

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