Congrats on your giving! I would maybe add a note of caution if you were anticipating deducting fees to Alcor on your taxes. Even though they’re a c3, they’re providing a service to you. An analogy would be deducting fees for a YMCA gym membership, which is also not tax deductible.
Alcor claims on their brochure that membership dues “may be” tax-deductible. It’s not clear to me how they concluded that. Somebody should probably ask them.
Sometimes membership dues can be deductable with a nonprofit but normally not in exchange for a service. For example, you could likely deduct ACLU membership dues. But they’re not requiring membership in exchange for a service. I’d find the Alcor deduction much more questionable given that the only folks who get memberships are the ones who are being cryopreserved.
Congrats on your giving! I would maybe add a note of caution if you were anticipating deducting fees to Alcor on your taxes. Even though they’re a c3, they’re providing a service to you. An analogy would be deducting fees for a YMCA gym membership, which is also not tax deductible.
I also say this being an Alcor member myself. Also, here’s a resource on charitable giving and taxes I put together that may be useful: https://medium.com/@aaronhamlin/your-guide-to-charitable-giving-and-taxes-a7c0f44c922
Note that I don’t count my payments for membership/cryopreservation towards my giving.
Alcor claims on their brochure that membership dues “may be” tax-deductible. It’s not clear to me how they concluded that. Somebody should probably ask them.
Sometimes membership dues can be deductable with a nonprofit but normally not in exchange for a service. For example, you could likely deduct ACLU membership dues. But they’re not requiring membership in exchange for a service. I’d find the Alcor deduction much more questionable given that the only folks who get memberships are the ones who are being cryopreserved.