Membership Dues and Contributions
As City Club is a 501(c)(3) organization, membership dues AND cash/stock donations qualify as tax-deductible charitable contributions. A portion of the ticket price of certain events, such as Citizen’s Salons, may be deductible as well (that amount is noted in the information about each event).
You may deduct many of the out-of-pocket expenses you incur when volunteering for the Club, including:
- food and drink supplies you buy for Club events, such as Citizens’ Salons.
- supplies you buy to be used in your volunteer work, such as stationery, printer ink, paper, and postage.
- photocopying, printing, and binding costs.
- telephone expenses.
- books or periodicals purchased for the Club library or for a research study.
- professional services that you pay for on behalf of the Club.
- tickets you buy on behalf of Club staff for training or other events.
- local travel expenses when traveling for Club volunteer purposes (for example, to/from meetings), such as bus, train, or taxi fares. If you use your own car, you can deduct parking expenses, tolls, and either 14 cents per mile OR the actual cost of gas and oil consumed.
- overnight travel expenses when traveling solely on behalf of the Club. Meals while traveling are subject to a 50% limitation.
These expenses must be directly related to your Club volunteer activities, and incurred only because of those activities. (Expenditures incurred in your volunteer activities, but that primarily benefit you, are not deductible, nor are child-care expenses incurred while you volunteer.) It is imperative that you save your receipts or cancelled checks to substantiate these expenses, or otherwise keep a written record of them. If their total exceeds $250 in a calendar year, please contact Club staff for an acknowledgment before you file your tax return.
The value of the time and expertise you contribute to City Club is not deductible, unfortunately.
This information is provided as a courtesy. The Club encourages you to confirm this information with your tax professional and to check IRS Publication 526, Charitable Contributions.