Charitable Giving Information

Posts Tagged ‘philanthropy’

Charitable Giving Websites

Question: Looking for websites that allow you to give donations as Christmas presents to others?

Instead of sending the usual edible cheap gifts to family members, I would like to give donations to charitable organizations in my family member’s names. Like send a stocking or gingerbread house to kids in the hospital or provide meals for the hungry, etc. Does anyone know of some good resources or websites that facilitate this. Ultimately I am looking for a more convenient way of doing this that will also send a card letting them know what I have done, etc. Any ideas? Thanks.

Answer: I don't want to sound pushy but, If you would be willing to help and individual, I would like to put my name forward. My husband died last year after about 5 yrs of battling Hepatitis C and having a liver transplant. My daughters (teens) have gone without because of the high medical bills and only one income we had. I thought this year would be different but I lost my job and got behind. I am now working but I am trying to catch up on all the past due bills so again there won't be anything left for Christmas. I am not asking for anything extravigant, but my girls could use the basics, some new clothes, jacket, ect. Or we could use a donation for groceries.

If you would rather not help an individual, there is a great website its www.modestneeds.org that help individuals with verified requests.

God Bless and have a Merry Christmas

Help for J-Mike

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Charitable Giving Accountability

In addition to the overall benefits of making charitable donations, there are a number of tax benefits to be had as well. In fact, while many people give out of the kindness of their heart, still others give for tax benefits as well. Navigating through the tax benefits are fairly simply and in most cases, your accountant or tax preparer can assist you with figuring out how to take the charitable contribution deduction and whether or not the charity of your choice is qualified. Here are some additional tips on the tax benefits of making charitable donations:

· A donation to charity could entitle you to take a charitable contribution deduction on your income tax as long as you itemize deductions: When charitable gifts are deductible, the amount of the donation is actually reduced by your tax savings. For those in a higher income tax bracket, the appeal of giving to charity increases as the cost of that contribution is greatly decreased by their tax savings. For example, people who are in the 33% tax bracket actually only pay $67 for a $100 donation. Therefore, the higher the amount of the contribution, the more you end up saving. Wealthier people can not only afford to give more, but they also get a larger tax reward for doing so.

· The charitable contribution deduction occurs in the year in which you pay it: When you mail off a check to charity, it is considered payment. Moreover, making a contribution on a credit card is deductible in the year that it is actually charged to the card, even if the credit card company does not receive the payment until much later in the year. Be sure to double check this with whatever charitable organization you are working with to see when they process payment so you know exactly when they plan to charge you credit card or to ensure they have received any kind of mailed-in payment. This is good information to have for your personal records.

· There are a large number of charities that qualify for this deduction: While you can only deduct gifts if they are made to a qualified charity, many people have no problem with this because the list of qualified charities is extensive. Keep in mind that charitable contributions deductions cannot be taken to any charity that does not quality — regardless of whether you think they should be qualified or not. Additionally, contributing to other foreign governments and political organizations and charities as well as a number of private foundations are not eligible for the charitable contribution deduction.

You can find online non-profit organizations that give away grants and foundation funding in large numbers. However, care must be taken while choosing a company offering charitable donation, and thorough back-ground check is to be done to ensure that the company has a sound history of positive and efficient donation and grant funding.

About the Author:

NOZA’s online service is used by nonprofits and others to research the philanthropic history of prospective donors. A NOZA SEARCH account provides immediate access to more than 30 million individual, corporate and foundation donations to nonprofits in over 3,000 cities. Nonprofits, universities, hospitals, libraries, and research professionals can quickly search, download and save philanthropic history by donor name, nonprofit cause, geographic region, or gift amount.

Article Source: ArticlesBase.com – Tax Benefits of Making Charitable Donations

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Charitable Trust For Education

Question: Please Suggest a name for my charitable trust.?

trust relates to provide education to poor and needy students.

Answer: That all depends on your target audience.

If you are going to be seeking private and corporate contributions to this trust, then you will want a name that reflects a certain level of prestige and/or corporate responsibility. Not necessarily a catchy name that applicants will easily remember. I like the idea of "The Doe Foundation" that was recommended for this trust - it says prestige and social standing. Maybe "The Commitment Trust for Educational Excellence" - it says corporate responsibility.

You may also want to think about tailoring this trust to those seeking a degree in a particular area - such as medical/nursing, accounting, business, the arts, etc. This will help you to meet your target audience for contributions as well as tailor down your applications to those students who are more focused in their educational pursuits - thus streamlining the costs associated with the application approval process and the general amount of paperwork.

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