Even the Internal Revenue Service thinks it s better to give than to receive — at least the IRS gives you a tax break for giving. Donations to qualified charities are considered tax deductible expenses so they can reduce your taxable income, lowering your tax bill.
Not everyone can deduct their charitable contributions, however. You must itemize your tax deductions to claim any charitable donation, and this is typically only in your best interest if the total of all your itemized deductions exceeds the amount of the standard deduction you would receive for your filing status.
How to Claim a Deduction for Charitable Donations
You claim a tax deduction for charitable giving on Schedule A of Form 1040. The schedule isn t just for claiming charitable donations. It includes and calculates all itemized deductions you re eligible to claim so you can transfer the total to your tax return in lieu of the standard deduction. Other possible itemized deductions include things like medical and dental expenses you paid for yourself or your dependents over the course of the year — including insurance premiums — as well as other taxes you may have paid and home mortgage interest.
Rules for Claiming the Charitable Contribution Deduction
The IRS imposes several rules for claiming a deduction for charitable contributions:
You must actually donate cash or property. A pledge or promise to donate is not deductible until you actually pay.
You must contribute to a qualified tax-exempt organization. Charities will let you know if they have 501(c)(3) tax-exempt status, but some organizations, including churches and other religious organizations, are not required to obtain 501(c)(3) status from the IRS. They count as qualified charities regardless, as do trusts and non-profit volunteer fire companies.
You must meet several recordkeeping requirements. This includes saving canceled checks, acknowledgment letters from the charity and appraisals determining the value of donated property.
Keeping Records of Your Donation
Your written records must indicate the name of the charitable organization, the date of your contribution and the amount you gave.
Canceled checks work well because the name of the charity, the date and the amount of the gift are all appear there. Bank statements are good, too, when they show a gift paid by debit card, and credit card statements work when they show this same information.
Charitable organizations will often provide donors with written letters of acknowledgment or receipts. The IRS can disallow charitable donations of $250 or more if you don t have a written acknowledgement from the charity to document your gift. If you make more than one contribution over this amount, you ll need a separate acknowledgment for each one or the single acknowledgment must list each donation in detail with the date you made them.
You have to be able to substantiate the fair market value of goods or property you donate, including vehicles, boats or even planes, and you ll need a written acknowledgment from the charity for this type of gift as well. You must fill out Form 8283 and include this with your tax return if the property is worth more than $500.
Tips for Donating Non-Cash Items
Make a list of the items you re giving away. You ll need these details for Form 8283.
Note the condition of each item and arrive at a value. The IRS will allow a deduction for any item that s in good working condition or better. In other words, don t bother to claim a deduction for that old TV in your basement that hasn t worked in years, even if it just needs a single new part. At the very least, you must have it valued in its current condition without the new part. You can use valuation guidelines provided online by the Salvation Army or Goodwill for common items such as clothing, small appliances and other household goods, Save the price tag and/or store receipt to prove the item s value if it s brand new.
You can claim a deduction for food and groceries, too. You can deduct the cost if you donate groceries to a charity as well. Just be sure to get a written acknowledgement of your donation and keep your grocery store receipt to prove the prices of the items.
Consider taking pictures of your donations. Having a picture handy of what you donated can be useful, especially if you re donating a lot of items. This isn t technically a requirement, but it can t hurt in the unlikely event that your return is audited. Just snap away on your phone, then send the pictures to your hard drive and save them.
Prepare your own receipt to prove the donation. If you write it yourself ahead of time, you can simply have it signed when you drop off your items. This way you can rest assured that the receipt is correct and it includes all the information you need.
Obtain a written appraisal if you re donating property worth more than $5,000.
Limits on the Charitable Contribution Deduction
Generally, you can deduct contributions up to 30 or 50 percent of your adjusted gross income depending on the nature and tax-exempt status of the charity you re giving to. You can deduct contributions of appreciated capital gains assets up to 20 percent of your AGI.
Don t worry if your gifts exceed these thresholds. You can carry the excess over to subsequent tax year. Excess contributions can be carried over for a maximum of five years.
Your deduction may be affected if your AGI is too high, however: $311,300 if you re married and filing jointly, $285,350 if you re eligible to file as head of household, $259,400 if you re single, and $155,650 if you re married but elect to file a separate tax return. If you earn more than this, the total of your itemized deductions is limited to 80 percent of your AGI or 3 percent of the amount by which your income exceeds the limit, whichever is less.
What s Not Deductible
Some contributions aren t tax deductible, including gifts made to:
Political parties, political campaigns or political action committees
Gifts donated to individual people
Contributions to labor unions, chambers of commerce or business associations
Contributions to for-profit schools and hospitals
Contributions to foreign governments
That still allows for a lot of charitable giving to whittle away at your tax liability if you want to itemize.
Meet Stuart Bloor, Stuart Bloor – T54 Wheelchair Racer. He is a Wheelchair Racer from Manchester. He is pictured with Ged Heatherington from the Rotarian Rotary Club of Middleton Rotary Middleton
Stuart was born with spina-bifida and hydrocephalus. He has been racing for 7 years and is aiming to.
Rotary Charity Fundraisers
President Mike Lovell of the Rotary Club of Barrow-in-Furne ss had the pleasant task of presenting a cheque for £1,210 to 10 year-old Aimee Robinson who lives in Barrow-in-Furne ss. Aimee was diagnosed with leukemia last year and needs to travel to Manchester frequently for treatment. This has put a.
Rotary Charity Fundraisers
It was great to meet you Abi and learn all the great work you are doing for The Brain Tumour Charity we are so pleased that we can support you
Rotary Charity Fundraisers
STOP PRESS: Ironman Charity Places
Rotary Charity Fundraisers now has charity places for :
Ironman UK 2017 – Bolton
Ironman 70.3 UK 2017 – Exmoor
Ironman 70.3 Staffs 2017 – Staffordshire
If you are interested in taking a TEAM Rotary charity place in any of these events you can now register.
“One in four homeless persons in America is a United States Veteran.” – USA Today
Over 200,000 veterans will sleep on our nation’s streets tonight. However, we believe that no one who put his or her life on the line to defend our country should ever have to face the devastating reality of being homeless. The funds raised from your generous vehicle donation will be used to provide food, shelter, clothing and many other much needed services to wounded war veterans, as well as to all men and women who have so courageously served our country, through the worthy veteran organizations we support.
Your generous vehicle donation makes it possible for us to assist our defenders of freedom in their greatest time of need. The process is easy, towing is free, and your car donation is 100% tax deductible . We accept all types of vehicles Please use our simple online car donation form.
Donating a car is easy! Here are the steps:
Fill out the simple form
Use our online car donation form to submit your information.
Donating your car is easy
Vehicle donations accepted nationwide
Schedule Your Free Pickup
We will arrange to pick-up your vehicle on a date that is most convenient for you.
Any vehicle is accepted
Free towing for your charity automobile donation within 24 hours
Receive tax deduction
Once the vehicle donation is complete, you will receive your tax deductible car donation receipt.
“The willingness with which our young people are likely to serve in any war, no matter how justified, shall be directly proportional to how they perceive the veterans of earlier wars were treated and appreciated by their nation.”
– President and General George Washington, 1789
“As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them.”
If you look at a list of the most popular charity organizations in the world – a vast majority of them are run by Christians and churches. This just demonstrates the kindness and selflessness that us Christians have and the desire and willingness to help those in need. In this guide we shall look at a few of the most popular Christian charity organizations in different categories.
Most Popular Child Sponsorship Christian Charity World Vision
Possible one of the best known Christian charities in the world that helps save the lives of children is World Vision. Over 100 million children have had their lives changed through the generous donations of World Vision members.
They offer a variety of options that both Christians and non-Christians can use to help support the lives of the poorest children around the world. One of the options is to sponsor a child – which costs approximately $30-50 a month – you will receive correspondence from your child and regular photo updates that can show you how your donations have helped.
You can also sponsor communities and families through World Vision as well as give one-off donations that go towards helping children throughout the world that need your help the most.
Most Popular Human Services Christian Charity – Salvation Army
The Salvation Army has been one of the most influential Christian charities ever in existence – as well as being one of the most historic. Many millions of people have been helped around the world thanks to the Salvation Army.
Their aim is to help bring Christian salvation to those most in need – both physically and spiritually regardless of their color, race, gender or religion. The Salvation Army works in 118 different countries and they offer a range of relief efforts and are particularly renowned for their disaster relief in countries hit by terrible natural disasters such as hurricanes, floods and earthquakes.
They also have thousands of charity/thrift shops around the world at which Christians and non-Christians can bring donations to be sold on to raise funds for the charity. The Salvation Army does door-to-door collections run by volunteers where people can donate any unwanted items such as clothes and home items.
Most Popular International Relief Christian Charity – Church World Service
Church World Service is a Christian-run charity that helps provide international relief and development to countries most in need of our help. There are many countries that are suffering at the hands of war and corrupt governments with millions of people suffering as a result.
Not only does the Church World Service help those in developing countries but those in local American communities as well. Many people are unaware of the severe poverty that plagues many areas of the USA – some places worse than poverty stricken areas of Africa.
The aim of Church World Service is to help eradicate hunger and poverty while bringing peace and justice to the world. Some of their missions include disaster relief, building sustainable grassroots developments and refugee assistance. They help promote fair international and local political policies as well as providing educational resources to those who would otherwise receive no education.
Throughout their work they are working to embody the love of Jesus Christ while respecting and not discriminating against those of different faiths and cultures.
Most Popular Hunger Charity – Bread for the World
The final popular Christian charity we shall look at today is Bread for the World. This charity has the aim of using the voices of Christians from around the world to help global decision makers end world hunger both locally in the USA and the rest of the world.
They run several petitions that are sent to the White House and various governments that are signed by Christians and non-Christians hoping to make a difference to the global hunger epidemic.
Their motto is: “Have Faith. End Hunger.” And they hope that if enough Christians air their voice then real changes can be made. This charity does not rely on monetary donations, instead they request that you donate your time and opinions. They run a range of ways in which you can get involved including at church, on campus at college, at home and in your local community.
Want to donate to or volunteer for a Veterans charity or nonprofit? See ratings and reviews. Find top-rated veterans nonprofits and charities and start volunteering or donating today.
Pathfinders (Family Pathfinders of Tarrant County)
I admire Pathfinders for the way they approach helping families break the cycle of poverty and dependence on others by not just “giving,” but mentoring individuals to enable them to “do” for themselves. more
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Veteran Tickets Foundation – Vet Tix
This is one organization I know gives back to the Veterans. My husband and I have received tickets from them and have been able. more В»
Hi, I’m Linda I have been a client at S.l.E.W. Cancer WellnessCenter for nine and a half years. It has been a blessing for me. more В»
Wounded Warrior Project
My experience with the Wounded Warrior Program Soldier Ride San Antonio was truly amazing! I initially felt as though the bike. more В»
Mission in Citrus Inc
I have been blessed thru the Mission in citrus by giving me clothes for my grand children and children and great grand children. more В»
Operation Troop Appreciation
I’ve been associated with Operation Troop Appreciation for over a decade. I don’t know of any other charity organization that. more В»
Veterans of Foreign Wars National Home for Children
I am a member of VFW Post 2148 in Waco, Texas. On a recent trip to Ohio for a family reunion I looked to see how close we would. more В»
Hugs Project Incorporated
My name is Melanie Elliott from Kensington Kansas. I have volunteered with the HUGS Project for several years. I live several. more В»
What an amazing experience. The hunt was great, but the camaraderie and laughter among new friends Isthe best therapy IвЂ™ve. more В»
Reel American Heroes Foundation
I originally wrote this story for my company newsletter but the said it was to long and they only needed 300 words. I couldn’t. more В»
Veterans Airlift Command
Veterans Airlift I found out about the Kansas City based WarriorsвЂ™ Ascent Academy of Healing from a great friend. more В»
Since the formation of the Army, Navy, and Marine Corps in 1775, honorable men and women have fought for the freedom, safety, and ideals of our country. Yet then and now, soldiers returning home have not always received the best treatment or opportunities despite their courageous military service.
Veterans Inc., as a private nonprofit organization, relies on the support of individual contributors like you. Every tax-deductible dollar you give helps us to provide veterans and their families with the support and services they need.
Information Session on Ways to Help Veterans Inc.
There are several ways you can make a difference in the lives of veterans in need. Visit us at our headquarter site in Worcester, MA to see how you can make a difference!
Where: Veterans Inc. Headquarters, 69 Grove Street, Worcester, MA
*If you are interested in donating your time please bring a Photo ID (MA License)*
Space is limited, please register in advance by contacting (508) 791-1213 ext. 1196 or emailing email@example.com
The Veterans Inc. Annual Appeal provides critical ongoing support of the programs and services with the greatest need.
Unrestricted gifts to the annual appeal are an important source of steady income. They enable Veterans Inc. to provide housing, employment and training, food services, and more.All contributions are tax-deductible.
Make the year brighter for our veterans and their families with a donation to Veterans Inc.
We gratefully accept the following:
In Memory and In Honor Gifts
Contributions of money may be:
69 Grove Street, Worcester, MA 01605
To make an automatic recurring gift, please click here.Or you may contact us to make a contribution by credit card or cash; to make special arrangements for a donation, 508-791-1213 x1123. Your gift may be designated to a specific area if you like. Unrestricted gifts will be used to meet the general ongoing needs of Veterans Inc.
For a list of specific items needed at this time, please view our Wish List.
To run a food or clothing drive, please contact firstname.lastname@example.org
Vehicles (Please see our Vehicle for Veterans Program)
Wish List items only may be dropped off 7 days a week at 69 Grove St in Worcester, MA.
Business Hours: 9AM to 8PM
Vehicles for Vets – Car Donation Program
Interested in donating your vehicle to Veterans Inc.? Veterans Inc. is coordinating a pilot program in Worcester, Massachusetts designed to give its clients an opportunity to obtain transportation and better their chances of obtaining employment.
If you have an operational vehicle inspected in Massachusetts, that is 10 years old or less, and has under 150,000 miles that you would like to donate, please call 508-791-1213 ext. 1162.
The following guide is intended to help you plan a meaningful gift to Veterans Inc. All information provided is general in nature. For specific advice concerning your situation, please consult your attorney.
A planned gift is a way to make a gift now that will provide immediate financial benefits to you and future benefits to Veterans Inc. By making a planned gift, you may enjoy tax savings and income for life (funded by assets such as appreciated securities). A variety of methods used to make these gifts range from simple bequests made in wills to setting up charitable trusts. These methods are described below.
If you decide to leave assets from your estate to Veterans Inc. by provision in your will, or a codicil to your will, this is a bequest. You can bequeath a specific amount of money, a percentage of your estate, or specific property.
Your estate will receive a charitable estate tax deduction at your death, when the gift is actually made. A bequest enables you to make a significant gift to Veterans Inc. while retaining full control of your assets throughout your life and reducing your estate taxes.
– Charitable Remainder Trusts
A charitable remainder trust makes payments either a fixed amount (annuity trust) or a percentage of trust principle (unitrust) to whomever you choose. You may claim a charitable income tax deduction and may not have to pay any capital gains tax if the gift is of appreciated property. At the end of the trust term, Veterans Inc. receives whatever amount is left in the trust.
Charitable reminder unitrust provides some flexibility in the distribution of income and can be helpful in retirement.
The lead trust makes payments either a fixed amount (annuity trust) or a percentage of trust principle (unitrust) to Veterans Inc. for a set term of years to support any program you might designate. When the trust terminates, the asset is ultimately returned to you (a grantor lead trust) or to your heirs (a non-grantor lead trust). You may claim a charitable tax deduction for funding a non-grantor lead trust. The lead trust is one of the few ways to reduce transfer taxes that would otherwise be due on assets left to your heirs.
– Real Estate / Retained Life Estate
You may gift your personal residence to Veterans Inc. and retain the right to live there for the remainder of your life. You would receive an immediate tax deduction but would continue to maintain the property and pay taxes and even receive any income it may generate. At your death, Veterans Inc. could use or sell the property.
A direct and simple way to make a planned gift is to name Veterans Inc. as the beneficiary to receive all or a portion of the proceeds of a life insurance policy. This method may also offer tax advantages; these vary from state to state.
– Appreciated Securities / Gifts of Appreciated Stock
If you have stocks which have greatly appreciated in value since their purchase, you might want to consider them as a charitable gift to Veterans Inc. You can deduct the fair market value of qualified non-cash property and pay no capital gains tax on gifts of long-term appreciated property (held for at least a year and a day). This can dramatically reduce the cost of making a charitable gift or increase the amount you can afford to give.
An endowment, as with any good investment, increases in value over time. For the donor, an endowment means your fund will exist in perpetuity. Your fund will grow to keep pace with or exceed inflation should no further contributions be made. For Veterans Inc., an endowment preserves capital, provides long-term growth, provides income for Veterans Inc., increases purchasing power, and keeps pace with or exceeds inflation.
As an example, consider a $100,000 unendowed gift to Veterans Inc. for capital improvements. If $10,000 were allocated each year there would be zero dollars remaining in the fund after 10 years. However, if that $100,000 were used to establish an endowment, the money would be invested and each year, and a portion of the fund s earnings would be allocated to capital improvements. A portion would be reinvested in the fund s principle, and a portion would be used to cover investment fees. After 10 years, even if no further contributions were made to the fund, the fund would still exist, continue to provide capital improvement support, and the amount of both the principle and the award would increase over time.
Are you looking for a career and a way to help the community? Red Racks Thrift Stores, owned and operated by the Disabled American Veterans, means you can work and give back, too! Visit the Join Our Team tab for more information!
Calendar of Events
Nov 24 50% off all Shoes and Purses
Nov 25 Black Saturday Sale 50% off Storewide (excl holiday meal sweaters and Tan Tags). 50% off holiday decor and trees (one day only)
December 2 50% off toys, books, electronics and media
*Some exclusions apply. Dates Sales are subject to change. Offers cannot be combined.
Retail Shopping Hours
Our Red Racks Thrift Stores and DAV Thrift Stores are regularly open from 9am to 9pm Monday Saturday and 10am to 8pm on Sunday. For our special sales, we usually open early. Be sure to check out your nearest location for more information.
Kulture on 39th is open Monday Sunday 10am to 6pm.
Why We Are Needed
What You Can Do
Red Racks is a major source of funds for DAV.
The proceeds from the sales of donated goods help our country s Disabled American Veterans, providing assistance for transportation, medical needs, counselling, and much more. Find out more at DAV.org.
Donate Shop Thrift!
It s easy to donate clothing, shoes, housewares, toys, games, tools, and more!
Our most popular method is to simply bring your items to a store where they can be processed and you can shop. Items may also be dropped off at any community donation center.