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The cost of the camp is not deductible as a contribution under any circumstances.

There's other situations that seem really similar.

If I make a donation of $100 to a non-profit and they give me towels (or t-shirts or whatever) it is my understanding that I can claim on my taxes a donation of ($100-(value_of_gift)) - ex. towels are worth $30 and I sent them $100, my donation is $70 as far as IRS is concerned.

I don't know how you claim that the cost of camp is really worth only %60 of what everyone pays for it though.
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