[llvm-commits] CVS: llvm-www/Funding.html

[Bill Wendling]

On Apr 12, 2007, at 8:52 PM, Reid Spencer wrote:

> On Thu, 2007-04-12 at 20:38 -0700, Bill Wendling wrote:
>> On Apr 12, 2007, at 5:25 AM, Reid Spencer wrote:
>>
>>> +   <p><b>Tax Exempt</b>. Your donations are tax exempt in the
>>> United States (and
>>> +   probably other countries). UIUC is a recognized non-profit
>>> organization.
>>> +   Reciepts are available upon request.</p>
>>> +   <p>
>>
>> "Exempt" or "Deductible"?
>
> I dunno. You can legally claim it as a charitable donation. Whether  
> that
> makes it an exemption or a deduction or even what those two words mean
> in the gobbledy gook of Title 26, I have no idea.  I'm not a tax
> lawyer.
>
An organization that's designated as a non-profit is "tax exempt".  
The donations to it are deductible. it doesn't make sense for a  
donation to be tax exempt to the person giving the donation.

-bw