Rike v. Commissioner
United States Board of Tax Appeals
A corporation organized and operated solely for the purpose of providing annuities for superannuated or disabled secretaries of the Y.M.C.A., which derives its funds from public contributions and from voluntary contributions by associations and employees of the Y.M.C.A., no part of the net earnings of which inures to the benefit of any private shareholder or individual, is an exempt corporation as defined in section 231 of the Revenue Act of 1921, and contributions thereto…
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A corporation organized and operated solely for the purpose of providing annuities for superannuated or disabled secretaries of the Y.M.C.A., which derives its funds from public contributions and from voluntary contributions by associations and employees of the Y.M.C.A., no part of the net earnings of which inures to the benefit of any private shareholder or individual, is an exempt corporation as defined in section 231 of the Revenue Act of 1921, and contributions thereto by an individual are deductible under section 214(a)(11) of the Revenue Act of 1921.
1Opinion of the Court
*155OPINION.
Lansdon :
Section 214(a) (11) of the Revenue Act of 1921 provides in part as follows:
That in computing net income there shall be allowed as deductions:
* * # * * * *(11) Contributions or gifts made within the taxable year to or for the use of: * * * (B) any corporation, or community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes, including posts of the American Legion or the women’s auxiliary units thereof, or for the prevention of cruelty to children or animals, no part of the net earnings of which…
2Cited by1 opinion
- Rike v. CommissionerUnited States Board of Tax Appeals · 1929