501c3 Status
The Ivan Foundation is listed with the IRS as a Public Charity.
In general, an individual who itemizes deductions may deduct contributions to most charitable organizations up to 50% (60% for cash contributions) of his or her adjusted gross income computed without regard to net operating loss carrybacks.
Individuals generally may deduct charitable contributions to other organizations up to 30% of their adjusted gross income (computed without regard to net operating loss carrybacks). These limitations (and organizational status) are indicated as follows:
| Code | Type of organization and use of contribution. | Deductibility Limitation |
|---|---|---|
| PC | A public charity. | 50% (60% for cash contributions) |
