Charitable Giving Information

My boyfriend is in a bad situation. He is 19, living in various places sometimes in his car and could possibly be called up for active duty to go to Iraq (he’s in the military). Right now he needs a home somewhere to stay so that he can get a job. Do you know of any organization that can help him? I heard that perhaps the Catholic Charities may be able to help but can anyone tell me what they do exactly? He lives in Saint Louis, Missouri by the way. Thanks.

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Charitable Giving Tax Credit

Question: It would be great to have charitable tax credits instead of deduction. What do you think about it?

More people would donate to charities at the same time pay less taxes. It is a win-win situation for charities and individuals
Please give your opinions on this topic. And if there is a way to persuade our goverment to be more charitable tax friendly

Answer: So you'd give a charitable contribution, but you wouldn't really be giving anything yourself since you'd get it all back in taxes - you'd just force the rest of the taxpayers to donate to a cause YOU think is good. Sure, more people would donate - it wouldn't cost them anything.

If you want to donate to an organization, then you should at least be giving part of the donation yourself.

Yes, it's win-win for the organizations and for the people donating. But where is the government going to get its money to operate?

Stretch Tax Credit Interview on CHCH News Hamilton Live at 5:30 and News at 11

We need a second car for both my husband and I to drop our kids off at daycare and go to work. We figured out our bills and can only afford the insurance on another car, not another car payment. I have heard that people donate their cars to the Salvation Army and was wondering who they sell them to and what I need to do to buy one. Or if anyone in the Lansing MI area that has a cheap, good running one for sale, I would be willing to look at it.

Charitable Trust In Mumbai

Question: Could you please let me have the site where all Charitable Trusts based out of Mumbai are listed/?

I am looking for an almost exclusive list of Charitable Trusts operating out of Mumbai. I need to contact the various trusts connected with a revolutionary concept that I have devised for collecting funds without donations.

Answer: Your best bet would be to try karmayog.org or else google for ngos in india. I'm not sure I've ever found an exclusive list of ALL trusts. But if you're willing to do a bit of searching and surfing you will probably find several good lists and be able to reach quite a few.

Ratna Nidhi charitable trust(www.rnct.org)

Charitable Giving Companies

At one time or another, almost everyone has had the desire to start a business. There is just something fascinating and magical about creating your own company, being your own boss and making decisions and earning lots of money. Although not everyone is destined to follow that dream, there are many people that will actually make the leap, leave their steady, yet boring jobs behind and are ready to explore the exciting world of trade.

Before starting a business there are a few things to consider. You will need a unique business name, a sound financial plan and you will need to decide on a business structure. Will you be the sole proprietor, finance a partnership, or will you have a company with directors, secretaries and members? If none of these options seem appealing, you can always start a trust company.

A trust company is a corporation authorized to act in a fiduciary capacity, or as a trustee – an organization or individual managing financial assets on behalf of someone else; dead or alive. A rather involved business structure, trust companies are generally owned by an independent partnership, a bank or a law firm. These institutions are usually familiar with managing estates and the different types of trusts.

A trustee is legally obligated to make trust-related decisions, such as managing investments, record keeping, and supervising various assets. Depending on the nature of the trust, the trustee may also be trusted to pay bills, medical expenses, donate to charities, pay out inheritances, or other distributions of income. The trustee may also be liable for damages which may occur due to management failure.

There are two main trust categories:

- Unit trust –This is a form of pooled investment, in which a professional manager will invest the collective funds on behalf of a group of investors, also known as Beneficiaries or Unitholders). These open-ended investments open the door to a wide range of redeemable securities.
The distribution of the net trust income is calculated and distributed amongst the Unitholders in proportion to the number of units held.

- Discretionary trust – In this type of trust the entitlements to the trust fund are not fixed and the trustee decides how much is appropriate to pay the beneficiary from the trust income. Discretionary trusts often hold family assets and rely on good faith.

There are, of course, other types of trust systems, each with their own set of rules. Constructive, fixed or express trusts, private or
public trust, and charitable trust are only a few examples. The hybrid trust is quite popular. It is a combination of elements taken from both fixed and discretionary trusts.

Setting up a trust company, appointing a trustee, and deciding on the distribution of income and capital can be tricky for a new entrepreneur. These are important matters that should be concluded with the help of professional corporate consultants, experts who are familiar with applications and registration forms, or declarations of trust. They may even be helpful in other business matters, such as secretarial assistance and be able to refer you to reputable accountants and lawyers for additional advice. Their extended services are worthwhile the expense as, in the end, you will know your trust company is set up right.

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Article Source: ArticlesBase.com – The truth about trust companies

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