Friday, December 26, 2008

Contribute NOW, save even MORE on taxes

Kim Klein from Network For Good has provided some really useful information to those of you who are considering making a donation. According to Kim:

You can transfer up to $100,000 in any given year directly from your IRA to a charitable organization and pay no income tax on that. Normally if you withdraw money from your IRA you pay a tax, whatever tax bracket you’re in that year. And of course if you donate it, you claim that tax donation. This is a very nice provision that allows you to avoid taxation and still claim the donation, so it’s kind of a double tax advantage.

With that in mind, I ask you to consider reaching out and making some sort of contribution before the end of 2008. We have a long road ahead of us. The financial goal is to raise $250,000 in start-up funds. Can you be a part of what we are doing?

Please click here to make a secure online donation.

Thank you and have a blessed holiday season.

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