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June 16, 1951

CONTRIBUTIONS TO FOUNDATION DEDUCTIBLE

JAMA. 1951;146(7):655. doi:10.1001/jama.1951.03670070047016

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Abstract

At the time the American Medical Education Foundation was established, application was made to the Commissioner of Internal Revenue requesting that he declare the Foundation exempt from federal income tax, on the basis that it is a corporation organized and operated exclusively for educational purposes. This application has now been acted upon, and the Commissioner has ruled that the Foundation is exempt from federal income tax under Provision 101 (6) of the Internal Revenue Code for the year 1951. This ruling means that contributions received by the Foundation in 1951 are deductible by the donors in computing their taxable net income in the manner and to the extent provided by Section 23 (o) and (q) of the Code.

This prompt ruling by the Commissioner should stimulate further support of the Foundation, since contributors are now assured that their contributions are deductible. Physicians desiring to make a donation to the Foundation

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