Income taxes

Contributions to VCF may qualify for income tax deductibility. VCF is an IRS designated public charity under Section 501(c)(3) of the Internal Revenue Code (See Our Designation Letter)

VCF will issue a donation acknowledgement suitable for documenting your gift immediately upon receipt of your donation. This is the general situation regarding donations to charities.

Please contribute to VCF itself at a rate of about one half of your federal income tax savings to help fund our expenses, This contribution is also tax deductible.

Actual deduction in your tax return depends on your specific income tax situation and every situation is different.  Please consult with your tax consultant. VCF is not a tax consultant and does not provide specific legal advice regarding tax matters and offers no guarantee regarding tax matters.

VCF prefers to make contributions to IRS qualified charities and service organizations and makes substantial efforts to verify the tax status of proposed supported organizations. In some cases VCF may actually manage the proceeds of a campaign if no other qualified charity or service organization can be identified to manage the funds. For example several years ago the organizer of VCF wanted to raise funds for the future education of the children of a mother who was killed by her estranged husband. The organizer could not identify a qualified charity to manage the funds which was part of the impetus for starting the VCF service. Now, in such a case, VCF would initiate a campaign of its own and manage the funds for the cause.  VCF also campaigns for funds for its own specific capital projects that will benefit charitable organizations, such as additional shelter for abused women in Lebanon, NH.

VCF estimates that the average contributor to VCF and its supported charities will be in the twenty percent federal income tax bracket. VCF asks that donors make a donation to support activities so that one hundred percent of the funds designated for specific causes can be transmitted to the charity without reduction for VCF operating costs. The suggested donation is fifteen percent of the designated charity contribution, which is less than the estimated tax benefit of the donation.

Please make you donation for VCF on the DONATE page or by selecting VCF as the charity to directly support.