BigBlueBOTTLE

It’s always better to give than receive. The glory of charitable donations is that you give and receive at the same time. While we believe that your motivation to donate to charity should primarily be altruism, we also think you should know that many tax benefits exist for those who give. Here is a direct benefit you should know about, while you are considering how much to give to our cause…

A charitable gift may entitle you to a deduction against your income tax if you itemize deductions. If the gifts are deductible, the actual cost of the donation is reduced by your tax savings. For example, if you are in the 33% tax bracket, the actual cost of a $100 donation is only $67 ($100 less the $33 tax savings). As your income tax bracket increases, the real cost of your charitable gift decreases, making contributions more attractive for those in higher brackets. The actual cost to a person in the lowest bracket, 15%, for a $100 contribution is $85. For a person in the highest bracket, 35%, the actual cost is only $65. Not only can the wealthy afford to give more, but they receive a larger reward for giving. The point is, if you CAN give more, GIVE MORE!

Organizations to Which You Can Give and Deduct Your Donation

• Churches and other religious organizations;
• Tax exempt educational organizations;
• Tax exempt hospitals and certain medical research organizations;
• A government unit, such as a state or a political subdivision of a state;
• Publicly supported organizations such as a community chest;
• Certain private foundations that distribute all contributions they receive to public charities within two-and-a-half months after the end of the foundation’s fiscal year;
• A private operating foundation which pools all of its donations in a common fund;
• Certain membership organizations that rely on the general public for more than a third of their contributions.

Of course, we hope you will chose OUR cause, but we want you to know, we appreciate that you give to causes in need, period.

Brian

• Share The Love!
  
  • Subscribe
  • Digg
  • del.icio.us
  • StumbleUpon