Contributions
The Foundation operates through contributions. During the past 10 years we have been fortunate developing different types of fund-raising programs to generate operating dollars.
The biggest benefit to a contributor is knowing that the Foundation has consistently used a high percentage of funds in the program and family assistance category. Since 1997, the Foundation has averaged 88.4% of all funds received going into this category. Each year our percentage reaches a higher plateau and our anticipation is that our accumulative will reach the 90% level.
Our general and administrative costs are minimal. Efforts are directed at how we can increase our support efforts and increase our effectiveness to assist families and programs.
Your contributions are appreciated and needed. Without your help the Foundation would not exist. Please consider the Foundation in your community pledge drive, individual gifting and endowments, etc. If your company or business is affiliated with the United Ways, the Foundation is registered with numerous chapters.
Year-End Gift Considerations
Year-end contribution “giving” allows most individuals to make a gift to the Foundation and save taxes. The tax laws intentionally encourage charitable giving. Giving is far more than tax considerations! Your philanthropic support will make meaningful differences in helping students across the United States. Always consult with your accountant or tax professional on your philanthropic planning to best determine your position each year.
Types of Contributions
CASH:
The easiest assistance is a monetary contribution. By sending in a check to support the Foundation’s efforts you have an automatic receipt as proof of your donation. The Foundation acknowledges all funds received and also sends out a summary statement at the end of each calendar year.
STOCKS:
“Appreciated” stock may be contributed to the Foundation. The benefit of donating this type of asset is that you avoid paying capital gains tax on the increase in value of the stock. Plus you obtain a tax deduction for the market value of the appreciated stock on the date of giving the stock. Your tax advisor will assist you in understanding the significant benefits for income tax purposes.
REAL ESTATE:
Contribution of this type of asset can be a major tax-advantage. If your property has appreciated in value, an outside sale would equate to a large capital gains tax. By gifting the property to the Foundation, you will avoid paying the capital gains tax and receive a deduction for the full market value.
Other Considerations:
There are many other areas where you may contribute. Your accountant or tax expert can define the benefits of CRATS & CRUTS – both are forms of trusts, Life Insurance policies that are no longer needed, Annuities, Bequests, etc.
Our efforts in providing this information are to help you understand that there are many avenues to assist. We are available to discuss contributions and provide information appropriate for tax purposes. Feel open to call and discuss the possibilities.
©1999
Star of Life Foundation,Inc.
