Baylor University Tax & Compliance Accounting Financial Services
Charitable Contributions   An individual can usually deduct a
contribution of money or property made to a qualified
organization. The following information is not provided as
advice for making charitable contributions, and only provides a
general overview of this tax area. IRS Publications 526 and 561
should also be consulted.  Qualified Organization  Charitable
contributions are only deductible by the donor when made to a
qualified organization. As a non-profit educational
organization, Baylor University is a qualified organization and
is listed in the Internal Revenue Service’s Publication 78 as
such. This publication can be referenced at the following site:
Charitable Contribution  A charitable contribution must in
essence be a gift, and has been defined by the Supreme Court in
U.S. v. American Bar Endowment as “a transfer of money or
property without adequate consideration”. As a part of this
definition, a contribution must be given with d