I’m confused; my understanding is that “the 2% limitation doesn’t apply to contributions from organizations qualifying as publicly supported organizations under section 170(b)(1)(A)(vi)” (quoting p. 6 of the Schedule A instructions) and GiveWell has posted a 2019 letter from IRS affirming that it is a 170(b)(1)(A)(vi) organization. Is GiveWell indicating that this classification is no longer accurate, or am I missing something?
Definitely consult your own legal or accounting advisers rather than relying on an offhand comment from some random person off the Internet who has completed one Schedule A in his life. But you may not have any reason to worry here.
I’m confused; my understanding is that “the 2% limitation doesn’t apply to contributions from organizations qualifying as publicly supported organizations under section 170(b)(1)(A)(vi)” (quoting p. 6 of the Schedule A instructions) and GiveWell has posted a 2019 letter from IRS affirming that it is a 170(b)(1)(A)(vi) organization. Is GiveWell indicating that this classification is no longer accurate, or am I missing something?
Definitely consult your own legal or accounting advisers rather than relying on an offhand comment from some random person off the Internet who has completed one Schedule A in his life. But you may not have any reason to worry here.
Thank you so much, Jason! Your comment has been extremely helpful.
To clarify, no, GiveWell has not indicated that its classification as a 170(b)(1)(A)(vi) organization is no longer accurate!
Thank you very much! We are excited to learn about this!