Charitable Contributions

1. Charitable contributions are deductible only if you itemize deductions on Schedule A, Form 1040.

2. You can deduct your charitable contributions on your tax return only if you make the charitable contributions to a qualified organization

• Qualified organizations include, but are not limited to, Federal, state, and local governments and organizations organized and operated only for charitable, religious, educational, scientific, or literary purposes, or for the prevention of cruelty to children or animals. Organizations can tell you if they are qualified and if donations to them are deductible.

• Qualified charitable organizations that can accept tax deductible charitable contributions include:

a. Churches, a convention or association of churches, temples, synagogues, mosques, and other religious charitable organizations…

CIMM, Inc. is a qualified charitable organization. It was incorporated in the Commonwealth of Pennsylvania in 1982. It is incorporated for religious purposes as a Church.  We are curently working on preparing the building that you see on this website for regular worship services and as a headquarters for the Discipleship Training Network. In the meantime we minister in various places and write and develop minstry materials from our home office.

3. Charitable organizations must provide donors with contemporaneous written acknowledgment of all charitable contributions valued at $250 or more.

• Donors are responsible for requesting this substantiation of the charitable contribution from the charitable organization.

• In addition, charitable organizations must disclose the value of any benefits provided when a charitable contribution of more than $75 includes some benefit (e.g., a fund-raising dinner or entertainment). The value of the goods or services received is not tax deductible on your tax return.

4. DEDUCTIBLE NON-CASH CONTRIBUTIONS:

• Generally, non cash charitable contributions from individuals to charitable organizations (including most schools) are tax deductible on your tax return at fair market value to the extent of their tax basis (purchase price less depreciation).
• The fair market value of most household or personal items is generally much less than the price paid when new. You should claim only what the item would sell for at a garage sale, a flea market, or a second hand or thrift store. You must fill out Section A of Form 8283 if your total deduction for all non-cash contributions is more than $500.
• If you make a contribution of more than $5000, generally an appraisal must be done.  In that case you must also fill out Section B of form 8283.