Charitable Giving Information

Archive for April, 2008

Donations For Teachers

The Motivating Movement Through Marathoning Challenge

Eighty-three students and teachers from seven Cleveland Schools are participating in a program designed to increase health and self-confidence. The eleven week Motivating Movement Through Marathoning Challenge is a joint program between Cleveland Schools and the Cleveland YMCA. The Motivating Movement Through Marathoning Challenge was created out of the Cleveland Department of Public Health’s nationally-funded Steps to a Healthier Cleveland program and promotes exercising particularly running and walking for in youth and continued throughout life. This program is a response to the troubling national statistics about health and obesity in the nation’s schools. The students participating in the Motivating Movement Through Marathoning Challenge engaged in a series of conditioning exercises and running and walking a cumulative 26.2 miles which is equal in distance to the annual Cleveland/Rite Aid Marathon. One group of students from Denison School has formed an all girl-team. Other Cleveland Schools involved in the Motivating Movement Through Marathoning Challenge are Sunbeam School, Emile B. deSauze School, Orchard School, Buckeye-Woodland School, Tremont School and Willow School. Each student received help and assistants from YMCA mentors and trainers which included a free four-month membership to the YMCA branch in their area. All the participants engaged in exercises that equaled 2.5 miles per week. A special celebration was held at the 10-mile mark in preparation for last month’s 29th annual Rite Aid Marathon and 10K events, which attracted nearly 8,000 runners. The students from Cleveland Schools participating in the Motivating Movement Through Marathoning Challenge received several surprises which included a pre-race pep talk given by four-time Boston Marathon winner Bill Rodgers, a pair of Asic’s running shoes donated by the Second Sole in Mayfield Heights, T-shirts and an official Rite Aid Marathon medal.

The Prestigious Governor’s Gold Award

Several teachers and staff members at the Daniel E. Morgan School, a member of the Cleveland Schools, have been given the prestigious Governor’s Gold Award. They received this award as part of the Healthy Ohioans physical education initiative. The Daniel E. Morgan School has received particularly high scores in the areas of promoting healthy choices, physical education practices, nutrition education, and tobacco education. Teachers and other representatives from the Daniel E. Morgan School will receive the Governor’s Gold Award at an award ceremony and luncheon honoring the school in August.

Teachers Make Pact to Fight Being Overweight

A group of dedicated teachers at Cleveland School’s Emile B. deSauze School have decided to work towards losing weight. Over an eight-week period seventeen teachers challenged each other to a weight loss competition. As a motivation, each teacher contributed to a weekly pot. The teachers were judged and led by the school’s physical education teacher. Under the PE teachers guidance the group lost a combined one hundred eleven pounds. As an honor to their dedication and competition the American Heart Association treated the teacher’s group to a healthy breakfast and gave each teacher a “Go Red for Women” wrist bands.

About the Author:

Stacy Andell is a staff writer for Schools K-12, providing free, in-depth reports on all U.S. public and private K-12 schools. Stacy has a nose for research and writes stimulating news and views on school issues. For more on Cleveland schools visit http://www.schoolsk-12.com/Ohio/Cleveland/index.html

Article Source: ArticlesBase.com – Cleveland Schools Aim for Healthy Students and Teachers

Al-Qaddafi: Obama is a Muslim – Foreign Donations to the Obama Campaign

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Charitable Giving Tax Relief

     TAXABILITY OF CHARITABLE ORGANISATIONS

What is charitable organisation?

A charitable organisation is which has for its objects the benefit of the public or of mankind. It may be formed as a society, trust, company holding a licence or as an association. Such organisations derive income by way of donations, members contribution, income from property held by them. These organisations are thus taxable of their income and are assessable in the status of Association of Persons.

Income of an Organisation includes:

1) Subscriptions from the members.

2) Donations and voluntary contributions.

3) Income from property held under the trust.

4) Capital gain on transfer of property held under the trust.

5) Income from any business carried on by the organisation which     is incidental to the attainment of its objects.

Section 11 of the Income tax Act lay down that any income or profit derived from property held under the organisation (wholly or partly) shall not be included in the income of the organisation.

Organisations exempted under the Act:

1) Organisations created before 1.4.1962 for charitable and religious purposes and applying their income to such purposes in India.

2) Organisations created before 1.4.1952 for charitable or religious purposes, by a special order of the board, and applying their income to such purposes outside India.

3) Organisations created on or after 1.4.1952 for charitable or religious purpose of promoting international welfare in which India is interested, authorised by a special board, and applying their income to such purposes outside India.

4) Organisations created for the benefit of scheduled castes, tribes, backward classes or women or children.

Organisations not entitled to exemption under section 11 and 12 of the Income Tax Act:

1) An organisation for private religious purposes.

2) An organisation created or established on or after 1.4.1962 for the benefit of any particular religious community or caste (other than scheduled caste/tribes, backward classes or women or children.

3) An organisation or institution for charitable or religious purposes, if any part of its income or property is directly or indirectly for the benefit of a specified person.

4) Any organisation or religious trust or institution, which holds any share in any company (other than shares in a public sector company).

Incomes entitled for exemption under section 11 and 12 of the Income Tax Act:

1) Income in the form of voluntary contributions.

2) Income derived from property held under the trust is exempted to the extent it is applied to charitable or religious purposes.

3) Income being profits and gains of a business which is incidental to the attainment of the objects of the trust.

4) Income being capital gains arising on transfer of a capital asset.

According to Section 2(15) of the Income Tax Act, Charitable purpose includes:

1) Relief of the poor.

2) Education.

3) Medical relief and

4) Advancement of any other object of general public utility.

‘Advancement of any other object of general public utility’ will not be considered as charitable purpose if it involves carrying on of activity in nature of trade, commerce, or business for any fee, cess or other consideration. If any such activity is carried on by a trust or organisation it will not be entitled to exemption under section 11 of the Income Tax Act and its income will be chargeable to tax even if utilised for charity.

About the Author:

Im a 5th year student persuing law from Symbiosis Law School

Article Source: ArticlesBase.com – Taxability of Charitable Organisations

Venomfangx Charity vs Legitimate Charity

Charitable Trust Administration Company

An asset protection trust is an arrangement for the holding and administration of property under which property or legal rights are vested by the owner of the property (the Settlor) in a person or persons (the Trustees).

* The Trustees then hold the property for or on behalf of other persons (the Beneficiaries).

* It is essential that the transfer is gratuitous otherwise the transaction takes on the characteristics of some other legal entity.

* A trust may therefore be defined as an equitable obligation which binds the trustees to hold and deal with the trust assets for the benefit of the beneficiaries in accordance with the terms of the trust.

* A trustee administers the asset trusts assets and distributes them to the beneficiaries in accordance with the terms of the trust deed and the proper law of the trust.

* The flexibility and protection afforded by trust arrangements are such that they have become an important part of long term wealth management.

Through the use of asset protection trusts it is often possible for family assets to be preserved over succeeding generations substantially free from:

* taxation,
* probate requirements,
* succession laws,
* expropriation and
* Foreign exchange controls.

There is no requirement in Mauritius to register trusts, thereby maintaining confidentiality. A corporate structure allows its shareholders to have business conducted, own assets and limit liability. The ability to manage assets through a combination of trusts and companies is proving increasingly valuable and the legislation in force in Mauritius provides an effective framework for the conduct of international fiduciary activities and providing services in that respect.

How is a asset protection trust created?
Trusts in Mauritius are governed by the Trusts Act, 2001.A asset protection trust can only be created by an instrument in writing which should state its Object, subject, intention and Duties and powers of the trustees.

* It can be formed by a resident or non-resident of Mauritius.
* There is no register of Trusts in Mauritius nor is there any disclosure of beneficial owner to any authority.
* Trust created by written documents will generally take two forms:
* Settlement:
This form of document will be entered into and signed by both the settler and the trustee and so provide clear evidence of the intentions of both parties and of the agreed obligations assumed by the trustee.
* Declaration of Trust:
This form of document is entered into and executed by the trustee only, and records that the trustee has received certain property, specified in the document, to hold upon the terms set out in the document. It is sometimes more convenient to create a asset protection trust by declaration of trust rather than by settlement, for example, the settler may not be available to sign the document, when it is prepared.

Types of Trust
Most offshore asset protection trusts fall into four broad categories:

1. Private: including discretionary, accumulation and maintenance, life interest and fixed interest trusts.
2. Corporate: including pension and employee benefit trusts.
3. Charitable: solely for the benefit of charitable organizations.
4. Purpose: trusts with no beneficiaries that are established for purposes that are certain, reasonable and certain.

About the Author:

Ramapati Singhania specializes in creating and managing web businesses. His latest website http://www.incorporation-offshore-saves-wealth.com focuses on helping you to incorporate offshore companies in Seychelles, Mauritius and BVI. You can also visit his blog, http://www.ramapatisinghania.com

Article Source: ArticlesBase.com – Try An Asset Protection Trust In Mauritius To Pass Your Assets On To Your Family!

Voting System Integrity: Can We Be Confident in the Accuracy

Charity Trusts In Uk

Question: Disabled – free or discount information (UK only)?

Hi, does anyone know of any concessions that disabled people are entitled to but people might not know, as no one freely offers the information.

Despite being disabled for 19 years (I’m 26 today) and working for Shaw Trust (disability charity) apart from the blue badge, consessions into activity parks etc. + DLA, I only recently learnt some things I could get such as:

Free entry to the cinema for my carer A.K.A. partner www.ceacard.co.uk

Free bus pass

Tax reclaim on disabled items such as spa bath

Does anyone have any other information to share as this is obviously the only way us disabled people will find out anything unless you have a social worker, which I’ve never had.

Please share any information you can, as soon I will be building my 1st home & being able to save some pennies somewhere would be a blessing in today’s very expensive market.

Answer: Free car parking!

Disability allowance from the government (if unable to work)

Most places give concessions / discounts if you mention you or your partner is disabled.

Sorry if I can not remember more, I recently had a friend and his disabled partner come to see me from Scotland and thats all I remember so far, I hope other's will post more information.

Types of UK Charity / Non-Profit Organisation compared with the USA

Best Charities Australia

Question: In Australia, how much do we give to charity?

Do you think its enough?

…and where did you get your sources?

Thankyou!

Answer: well I support 7 different one's (careflight, rspca, childrens hosp, guide dogs , ) to name a few and a lot of my friends support more than one or two as well, on a whole for our population size I think we do very well and thats not counting all the telethons and the tsunami appeal's

#1 Home Based Business in Australia