Legal Question in Tax Law in New Jersey

Charitable foundation

I want to start a foundation that can give small scholarships and educational grants to inner city kids. How do I make this tax deductible? I am in NJ. My family will be the donors.


Asked on 4/14/08, 12:56 am

1 Answer from Attorneys
Maryam Abdallah Maryam Abdallah Law Firm

Re: Charitable foundation

As long as you declare it non-profitable, you should be exempted from tax. But I would advise you to directly contact a lawyer from New Jersey to handle formalities on your behalf & avoid any pitfalls that might prove costly later on!

If you wish we can refer you to one of our affiliates.

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Answered on 4/17/08, 8:14 pm


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