Charitable Giving Information

Posts Tagged ‘Charitable’

Charitable Trusts In India

Question: Iam unning a non-profitable Charitable Trust in India.I want AID FROM FOREIGN FOR IT WHAT SHOULD I DO?RELPY ME

Iam interested in Community services.Eventhough I have my own profession as an Advocate I have dedicated myself for the community services.I also doing free legal services.Iam helping some por students for their education,but it is not Iam in need of foreign Aid to build an orphanage.Please guide me.Please read the nutshell of my community services which is given below.

IDAYAM SOCIAL WELFARE [IDSOWEM][Anon-profitable Charitable Trust, Registered under Charitable Trust Act] is a local indigenous,
non-denominational, non-profit making Private Voluntary Organization (PVO) whose mission is to build the welfare of the people of India including The Southern States of India especially Tamil Nadu through moral, spiritual, physical ,Unity and Integrity among Indians, updating Brotherhood g currently, The Mission has under taken its programmes in districts of Tamil Nadu.We have so far conducted so many Seminars on Child Birth Contorl,Enviro

Answer: Your Mission is crappy and sounds like a pompous self indulgent delusions about your own capabilities. We just got a glimpse of your intellect- seeing u begging for funds on yahoo answer. If you wish to apply this kind of strategy to build up moral, spiritual unity- god bless India and more gods bless southern India.

It is very clear that your practice as an advocate is in pits so here u are in your new avatar. NGO and PVO are the most ugly, obscene and disastrous concepts as they have only resulted in billions of dollars of public money into the pocket of few smart asses.

Karunai Jeevan Charitable Trust

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Charitable Giving Republican Democrat

Question: Why do Rich Blue state people need government to take care of them, but people in Poorer Red States, don’t?

Could it be because People in Red states are more charitable and take care of those who need help, without being forced by government to do it?

This is the case. It’s a statistical fact that Republicans and Independents give far more than Democrats, while making on average substantially less money. And in my observation make their money by producing, while the Blue state thing tends to be more parasitic in nature on average. Blue voters definitely do more parasitic activity on average, especially lawyers, and Unions who use leverage not of market force to unnaturally raise their pay for doing less work. Note, I said on average.

Answer: On average as you say, Blue Stater's are in a culture of parasitism, as you also say. They only know where money comes from to them so they can get it, but they really don't understand the nuts and bolts of production of wealth, or the cause and effect of creating a nation that creates more wealth so that everyone can have more of it.

To the Blue staters on average more than the red staters, much more, government is a tool to be manipulated into bringing them more wealth or paying their bills. They really don't get the concept of carefully caring for and inspiring the goose that lays the golden egg, which is production of wealth that should be incentivized, so there is more of it around.

Dirty politicians use this Blue state philosophy based on a lack of understanding about the cause and effect, to get them to vote for that which will bring them political power. They also degrade and erode the countries economy and upset the golden goose, but they don't care, they get more all at once from killing the golden goose, then they have theirs as the rest of the country goes down.

STOP US Govt. Taxing Non-Profits! Elect Frank Mazzapica US Congress

Charitable Trust Setting Up

Question: What restriction and costs apply when I withdraw principal from a charitable reminder trust (CRT)?

If I set up my CRT as a revocable trust, I should have legal rights to change my mind and revoke/change the trust anytime. So the money shouldn’t get stuck forever as long as I’m still alive. However, the IRS may want a bite from any principal withdrawal. If so, how much penalty or tax would I need to pay?

Answer: First of all a CRT can't be set up as a revocable trust. It would either be a corporation or an irrevocable trust. This is because in order to have a legal CRT at least 10% of what you put into the trust is the minimum amount that should go to charity at the end of the trust term, generally at your death.
The order of distributions from a CRT are ordinary income first, then long term capital gain, then tax exempt income and finally principle. The principle is not taxed to you or the trust.
You should look at the trust document in order to determine the distribution provisions of the trust. There are different ways to structure these payments and your document will tell you how this is to be done in your case.

Music in Country Churches

Charitable Giving Recession

Question: How has the Credit Crunch and Recession effected people giving to charity?

Are people becoming less charitable? Have you seen any examples?

Answer: I can't say I've seen any examples although I'm sure that people will donate less in terms of physical cash. That said there are many other ways that people can give to charity like donating their time or old clothes/books etc so perhaps many people will seek to do that as an alternative.

Also if times are hard people will probably visit charity shops more and as such save themselves a lot of money - I like to think that they'll then feel the need to give something back by doing something like what i've mentioned above.

Charitable giving

Charitable Giving Decline

Question: Think this is a Scam?

I got a phone call from a well known charity a few weeks ago, asking if they can send me some raffle tickets to sell. Being charitable, i agreed. No tickets arrived, then last night i got a phone call from a well spoken guy, who asked me to send the tickets and money back. I told him no tickets arrived, so he asked for a donation, and wanted my credit card details. I declined to give them out on the phone, so he asked me to send a cheque. The address is a PO Box, and he asked me to put my name and address on the back of the cheque, i think it sounds dodgy. I am not going to send a cheque, do you think this sounds a bit dodgy?
He said he was from the RNIB, and asked me to put that, and LSWW on the cheque, whatever that means.

Answer: Definately a scam, but I have not heard of this one. If he calls again ask for his phone number so you can call him back, see what happens.

UnIntended Consequences