The taxpayer sends the donation to the foundation after receiving pre-approval from Department of Revenue (“DOR”).
The foundation fills out Form IT-QLED-LEF1 to confirm the donation with the donor. This form is not filed with DOR but sent to the donor.
The taxpayer takes the information on Form IT-QLED-LEF1 to fill out Form IT-QLED-TP2. The taxpayer attaches Form IT-QLED-TP2 to the tax return to claim the credit.
The foundation has to annually file a contributions report (Form IT-QLED-LEF2) and a copy of Form 990 (or 990-EZ or 990-N or DOR proxy Form 990) to the Department of Revenue. These filings are done electronically through the Georgia Tax Center.