Tax Benefits of Giving
Enterpact is a registered 501(c)(3) nonprofit organization, which means your contribution may be tax-deductible to the extent allowed by law. Below is a simple guide to how this works:
Individual Giving
If you donate as an individual and itemize your deductions, you can generally deduct up to 60% of your adjusted gross income (AGI) for cash contributions in a given year. If your donation exceeds that limit, the remaining amount can typically be carried forward for up to 5 years.
Example:
If you earn $69,000 per year, you may be able to deduct up to $41,400 (60% of your income) in charitable contributions for that tax year.
If you donate $1,000, you may be able to deduct the full $1,000 from your taxable income (if itemizing).
If you donate $10,000, that amount may also be fully deductible within the same year.
If you were to donate more than $41,400, the excess could potentially be applied to future tax years.
This means your donation not only supports meaningful community impact, but can also reduce your taxable income depending on your filing situation.
Business Giving (LLC, S Corp, C Corp)
C Corporations can typically deduct charitable contributions up to 10% of taxable income (with a 5-year carryforward for excess contributions).
LLCs and S Corporations are pass-through entities, meaning deductions flow through to the individual owners. In this case, the individual rules (up to 60% of AGI) generally apply based on each owner’s tax situation.
Foundation & Nonprofit Giving (501(c)(3) Organizations)
Private foundations and other 501(c)(3) organizations can make grants or donations to Enterpact. These contributions typically count toward their annual distribution requirements (commonly 5% minimum for private foundations) and support mission-aligned impact
