scholarship donations

Is Giving A Scholarship Tax Deductible?

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Is Giving A Scholarship Tax Deductible? Any “scholarship money” you give directly to a specific student is not tax deductible. The money is considered a taxable gift with two important exceptions: … You may make a tax-deductible contribution to any 501(c)(3) charity that gives scholarships, including the school that a student you want to support

Is Creating A Scholarship Tax Deductible?

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Is Creating A Scholarship Tax Deductible? Any “scholarship money” you give directly to a specific student is not tax deductible. The money is considered a taxable gift with two important exceptions: … You may make a tax-deductible contribution to any 501(c)(3) charity that gives scholarships, including the school that a student you want to support