[Finance] Rent as a charitable donation

Jeff Cotten omegix at gmail.com
Tue Mar 8 17:39:55 CET 2011

*Synopsis:*  Rent is not a tax-deductible benefit when donated to a 501c3

Thank you to MrFranceIsBacon from Makers Local 256 who brought this to our
One of the ideas that Makers Local (Huntsville, AL) had when we started was
to attain 501c3 charity status,
and then convince local building owners to let us set up there rent-free,
while they wrote the Fair Market Value (FMV) off
as a charitable donation on their taxes.

There are tax laws preventing this, it is considered Partial Interest in

Ref:  Page 9, Example 1:  http://www.irs.gov/pub/irs-pdf/p526.pdf

I've added an entry on the wiki about this here:

Makers Local 256
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