Charitable Giving Information

Archive for April, 2006

Asking For Donations Letter

Question: Would it really work if I write letters to companies asking for money donation for college?

If so, how do I go about this?

Answer: ive never heard of that , try your states financial aid programs, a college councelor can tell you about all of the places you can get aid from

Review: Up 'til Dawn

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Charitable Trust Documents

Question: What do you think of Helmsley leaving around 5 billion dollars to canine charities? Her only good deed in life

http://www.nytimes.com/2008/07/02/us/02gift.html?_r=1&oref=slogin&adxnnlx=1214956398-rJBGL8V0AydsWS%20Y5o3LVQ&pagewanted=print

Sure, the hotelier and real estate magnate Leona Helmsley left $12 million in her will to her dog, Trouble. But that, it turns out, is nothing much compared with what other dogs may receive from the charitable trust of Mrs. Helmsley, who died last August.

Her instructions, specified in a two-page “mission statement,” are that the entire trust, valued at $5 billion to $8 billion and amounting to virtually all her estate, be used for the care and welfare of dogs, according to two people who have seen the document and who described it on condition of anonymity.

It is by no means clear, however, that all the money will go to dogs. Another provision of the mission statement says Mrs. Helmsley’s trustees may use their discretion in distributing the money, and some lawyers say the statement may not mean much

Answer: Gives a whole new meaning to "gone to the dogs".I say good for her,her only good deed in life proved to be her best.

Girls rescued from trust accused of conversion

Best Charities Donate

Question: Does anyone know of any Punjabi / Punjab or Indian based online Charity / charities that I can donate to?

I am looking to donate to a charity in india. I would preferably like to find one that I can donate to online. In particular I am looking for charities in Punjab.

Answer: Visit and explore,

http://www.ashi-haryana.org/

God Bless You !!

HAPPY NEW L E A P YEAR 2 0 0 8 !!

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Furniture Donations Pick Up Chicago

Question: looking for a place that will pick up furniture for donation.. do you know any in the chicago area?

Answer: Try your local Salvation Army or Goodwill.

Find The Best Greenhouse Furniture Repair Chicago.

Tax Planning Companies

Question: Is it better to invest in your companies 401K plan with pre-tax or post-tax dollars?

Answer: Pre-tax for sure, and even then, only if the company matches it. With post tax dollars, unless they're matched, there's pretty much no reason to invest in your company's 401k plan.

With a little education, you don't have to use your company's plan. You can put it into a self directed IRA (with pretax dollars) and do at least as well as your company's 401K yourself!

The reason is that with a self directed IRA, you can still invest in anything the company's 401K allows, but w/o restricting yourself to just those funds. Additionally, you can invest in ETFs, stocks, and a whole bunch of other instruments that you can't typically with a company plan.

Back to pre vs post tax. Use pretax for the company plan because your monies will grow until retirement and then be taxed, plus most require you to use pretax dollars in order to be matched.

However, (as a sidenote), with your first few dollars, opening a ROTH IRA with post tax monies is a great tax advantage because those monies grow and grow and you keep all of it.

Sorry for the long answer, but hope it helps!

Brown - Glover Business Group Inc - Income Tax Planning In Atlanta, GA