July 17, 2016

UH OH: IRS Rejects 501(c)(3) Status For DNC Convention As Too Partisan, Causing Donors To Pull Out Due To Lost Deductions; DNC Devises Workaround To Funnel Contributions Through Philadelphia Convention Bureau. “Without the IRS exemption, individual donors cannot claim a tax deduction for their donations. Cohen said earlier Friday that two donors wanted their money back because they could not count on a deduction. He declined to reveal the donors or amounts. That was in keeping with the committee’s insistence on keeping donor names and amounts private until after the convention, a stance that has drawn criticism from watchdog groups.”

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