Both of these organizations are exempt from Federal income tax. A donor can claim a charitable contribution for a gift to:
A) The Dubuque Art Museum.
B) The IBM Group Legal Service Plan.
C) Both a. and b.
D) Neither a. nor b.

Question

Quizplus · Accepted Answer

Only the Dubuque Art Museum is a charitable organization eligible for tax-exempt status under section 501(c)(3) of the Internal Revenue Code. The IBM Group Legal Service Plan is not recognized as a charitable organization, so a donor cannot claim a charitable contribution for a gift to this group.

Both of These Organizations Are Exempt from Federal Income Tax