Donors' contributions to a 501(c)(3) organization are tax-deductible only if the contribution is for the use of the 501(c)(3) organization, and that the 501(c)(3) organization is not merely serving as an agent or conduit of a foreign charitable organization.
Expect ~$1,000 USD per exam for the exam fees and the CFA Institute books. Most people will also use a third-party self-study packages, which include practice exams, condensed books (the CFA ones are 2x+ longer), study tips, online question banks, etc. Factor in an additional $500-1,000 USD per exam for these. Schweser is the most popular study package: http://www.schweser.com/cfa/. No matter how diligent you think you are, most people I know took an additional 5-10 days holiday in the run-up to the exam.
Will it really take you seven years to pass CFA 3? If you embark on a quest to become a CFA Charterholder, you must be prepared to sacrifice a lot of life. The CFA Institute itself says that it takes the average candidate four years to complete the programme. In some cases, however, this looks optimistic. One of the contributors to Analyst Forum confessed yesterday that heâd been studying for CFA exams since 2007.