Charitable contribution to an NP created by taxpayer

[ptax255]

Hi, would this be deductible? Anything to keep in mind or disclose from an individual tax return point of view? It seems it's fine, just want to make sure as the amount is significant. Thanks

[sjrcpa]

Is it a private foundation?

[ptax255]

Not yet created, but likely yes.

[sjrcpa]

The contribution would be tax deductible, subject to lower AGI limits.

[BobKamman]

I assume that NP means "nonprofit" and not, for example, "neutered pet."  But contributions to most nonprofits are not deductible.  It has to be a 501(c)(3).  And I would be careful with contributions made while the application for that status is pending.