Charitable Contribution Law and Legal Definition

The term "charitable contribution" means “a charitable contribution, as that term is defined in section 170(c) of the Internal Revenue Code of 1986 [26 USCS § 170(c)], if that contribution--

(A) is made by a natural person; and

(B) consists of--

(i) a financial instrument (as that term is defined in section 731(c)(2)(C) of the Internal Revenue Code of 1986) [26 USCS § 731(c)(2)(C)]; or

(ii) cash.” (11 USCS § 548)