Blog
End of year gift gives you a tax break, an abused child some peace of mind
December 22, 2016
As you ponder your 2016 resolutions, include plans to get to the gym, to eat better and look after your health and frame of mind. But at the same time, how about resolving to help others – children and families coping with trauma from abuse, for example, to have the same chance to improve emotional and physical health?
We are an IRS-approved nonprofit and will provide a receipt for your gift. You can get an even better deduction if you give appreciated stock rather than cash.
There you can write off the fair market value of the securities (even if you paid much less for them).
Additionally, if you’ve got at least $5,000 to give away but aren’t sure just yet how you want to distribute the cash, consider using a Donor Advised Fund (DAF). You get tax benefits in the year you put money into a donor-advised fund, but you can donate the funds at any time in the future. In the meantime, they’ll continue to grow tax-free.
It’s also important to pass on your charitable spirit, so involve your kids early as possible. Children whose parents talk to them about giving are 20 percent more likely to give to charity than children whose parents don’t discuss giving with them. It’s a valuable and easy way to help even young children understand the concepts of caring and sharing.
We understand the end of the year is a busy time for everyone, but abuse takes no holiday. Children need a place to go where they know they will be safe, cared for and about and where they can get the help they need so that they may again lead happy and healthy lives.
Please include Family & Children’s Place in your end of year giving.