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Methods Of Giving:
There are numerous methods for making contributions to The City of Children of Matamoros Orphanage A.C. that provide significant benefits for the individual or group making the donation. It is important to talk with your legal and/or financial advisor to ensure that you are using the best contribution method that benefits the orphanage, but also provides you with maximum tax benefits. A brief description of some of the most popular methods of giving are provided below. Bequest A gift given at your death as directed by your Will or Revocable Living Trust. Charitable Remainder Trust A Trust created by a donor that pays a fixed percentage for life or a period of years. At the end of that time frame, the assets remainder in the Trust goes to charity. Like a Gift Annuity, the donor gets a tax deduction at the time of the gift and annual payments for life. Unlike a Gift Annuity, the charity does not actually receive any funds until the termination of the Trust, since the Trust controls all assets in it. Direct Donation Making a donation directly to The City of Children of Matamoros A.C. as a tax-deductible charitable non-profit gift. Donating Appreciated Stock Making a donation of an appreciated stock allows you to make a significant contribution, while avoiding to pay a lump sum capital gains tax on your gains. Current tax laws provide an incentive for you to make a charitable gift of stock in two key ways. First, you pay no capital gains on the appreciated stock you are donating. Second, you may take a charitable income tax deduction for the full fair market value of the stock on the date of transferring the stocks. Double Tax Asset Many people have retirement assets such as an IRA or a 401(k) plan at work. When money is withdrawn from these accounts, then the person will pay income tax. Many people do not realize that after they die, not only will your beneficiaries pay income tax on these accounts, but if your estate pays death tax then these accounts will also pay death tax on top of the income tax. If these accounts are used for charitable gifts at your death, then both the income tax and the death tax are eliminated. Gift Annuity A contribution that you make to a charity that is part gift and part investment. By making the contribution, you receive an agreement with the charity to pay you a fixed amount for the rest of your life. At your death, the residue of the amount you initially gifted is retained by the charity. At the time of the gift, you get a tax deduction for a portion of the original amount contributed. In addition, a portion of each annual payment to you is tax-free. The annual payment percentage is based on your age at the time of the gift.
Michigan's State Tax Credit After the state tax credit and federal tax deductions, a $400. gift will cost a married couple in the 25% tax bracket just $150.37...that includes the stamnp! A breakdown of the Michigan State Tax Credit follows. A gift of $200. by an individual, less $100. Michigan Tax Credit; Less $25. Federal deduction; results in a tax savings of $125. The actual cost of the donation to the donor is $75. A gift of $400. by a couple, less $200. Michigan Tax Credit; Less $50. Federal deduction; results in a tax savings of $250. The actual cost of the donation to the donor is $150. ORPHANAGE SPONSORSHIPS A Child Sponsorship: $120. a month to $1,460. for a year ($4.00 per day) A contribution in this area provides food, medical, and living support for one child from one month to one year. Food and Living Conditions: $1.00 per day
A contribution in this area will significantly help abandoned children to have a safe and healthy environment to live, as opposed to existing in the dump, or other unsafe and unhealthy conditions. A contribution in this area will also allow abandoned children to have a safe and loving environment to grow and develop into contributing citizens with marketable skills and the ability to give back to others in need in the future. Food for the Children: $30.00 for a month to $365.00 for a year ($1.00 per day). Please consider sponsoring an abandoned child to have at least $1.00 per day for food so that she or he can develop a healthy body and mind. Medical Needs for the Children: $1.00 per day $30.00 for a month to $365.00 for a year ($1.00 per day) A contribution in this area helps prevent childhood diseases through immunizations, distribution of vitamin A to fight infection and disease, and medication to fight against worms, parasites, and many other childhood illnesses. A contribution of $1.00 a day to supporting a child for a year can help minimize childhood disease. Orphanage Founders Club (See various levels) As a member of the “Orphanage Founders Club” your name will be listed on the wall of the central building at the orphanage under the “Orphanage Founders Club.” In addition, you will receive a personalized gift from the children and be kept appraised of the orphanage programs, services, and operations through a monthly newsletter. The following are founders club donation levels that are used for the ongoing support of the orphanage to ensure that it serves abandoned children in perpetuity. Platinum Member: $5,000. donation Gold Member: $3,500. donation Silver Member: $2,500. donation Bronze Member: $1,000. donation
There are significant numbers of abandoned children in Matamoros Mexico who could become independent contributing citizens in their community, if given the opportunity. Please consider helping us change the lives of abandoned children one-child at-a-time. Your contribution of any size will have a significant impact on the lives of these children. Your contribution will not just touch the life of one, but the lives of an entire generation.
Thank you for considering The City of the Children of Matamoros A.C. as the recipient of your kindness and generosity. All financial contributions are recognized with a personal “Thank You” and a tax-deductible receipt.
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