![]() |
![]() ![]() |
|
We welcome all donations of all sorts and would like to thank you in advance
Your tax-deductible donation will help support education, awareness, advocacy, research, and most importantly, enable us to assist families. Tribute donations can be made in honor or memory of someone special. We will gladly send notification of your gift.
Other Ways You Can Help
Contact Us If you know of an individual, corporation or foundation that you think might be interested in providing funding for services for families of newly diagnosed children or projects, please call Development Department at 816-803-4679 or email theglp @yahoo.com. (remove space after p)
Your generous support is much needed and appreciated. Thank you.
The Gifted Learning Project (GLP) is pleased to announce
the creation of The GLP eBay Auction.
This exciting fundraising initiative offers you the opportunity to
dispose of unneeded items that may be useful to others and, at the same time,
receive a tax deduction for your contribution.
The eBay Auction will supplement our existing The GLP fundraising events
and provide potential year-round support for our many activities.
Here
are answers to some questions you may have:
Why should I donate to the GLP eBay Auction?
By donating an item to the GLP eBay Auction, you can
receive a valuable tax deduction (please see your tax adviser for details).
Moreover, your donation will help fund activities in support of the GLP.
In the past, this support has included development of the Dyslexia Our
Life education film, free resources to libraries and individuals, presentation
and speaking engagements and mini-grants awarded to individuals for education
through our Develop a Reading Talent (D.A.R.T.) program – see the main
web site for more details: www.giftedlearningproject.org
What can be donated?
Any new or used item in good condition that can be sold for
more than $20.
What
do I need to do?
Once you identify a new or used item that you wish to donate, simply ship it at your expense to the following address:
We ask that you include your return mailing and/or e-mail
address. We will send you a note acknowledging receipt of the item. (Note: if
you are contemplating the sale of an extremely large item--such as a car or
chair--please contact us at 816-803-4679 or e-mail: theglp@yahoo.co
m( remove space before m) to discuss shipping options.)
Why
do I send the item to a central location, rather than ship it directly to the
buyer when it is sold?
Your donated item will be photographed and later, when
the item is sold, it will already be on hand for prompt shipment to the buyer.
The item will be listed as having been donated on behalf of the GLP.
Buyers will know that 100 percent of the purchase price will support
the GLP activities.
When
can I make a donation?
You may make a donation at any time.
However, your package must be postmarked by December 31 of any given
year, if you want to receive a receipt acknowledging your gift for the
current tax year.
If you have
any questions about the fundraising initiative or a particular item you are
thinking about donating, please contact us at 816-803-4679 or theglp@yahoo.com.
Thank You!
Tax-Deductible Charitable Donations Can Lower Tax Bills
You can deduct your contributions only if you make them to a qualified organization, the Gifted Learning Project is a qualified charitable tax-exempt organization.
As the end of each year approaches, you'll want to remember that you may be able to use the gifts you've donated to the Gifted Learning Project to reduce your taxes. The tax benefit derived from charitable contributions is available for taxpayers who itemize deductions.
There are also some simple steps to keep in mind to make sure you benefit appropriately for your generous donations. In particular, there are some important guidelines for donating used cars and other property, such as stocks and bonds.
In 1999, the last year for which complete data is available, about 35.5 million taxpayers made deductible charitable contributions totaling nearly $125.8 billion. Of these gifts, nearly $88.3 billion were cash donations.
Only contributions you've actually made during a particular tax year are deductible. For example, if you pledged $500 in September, but paid the charity only $200 by Dec. 31, your deduction for that particular year would be $200. You may include credit card charges and payments paid by check in the year they are given to the charity, even though you may not pay the credit card bill or have your bank account debited until the following year.
When you itemize your deductions, you will reduce your taxable income by the total dollar amount which you have contributed to qualified tax-exempt organizations, such as the Gifted Learning Project.
Donations of stock or other property are usually valued at the "fair market value" of the property. For stocks and bonds with an active market, the fair market value is the average price between the highest and the lowest selling price on the valuation date.
Figuring the value of other personal property can be more complicated, though. For example, determining the value of a donated used car requires weighing several factors. Some car donation program operators have mistakenly suggested that donors can take as a deduction the full value listed in an established used car pricing guide. The tax law, however, allows a deduction for only the fair market value of the car. Fair market value takes into account not only the year, the model and the mileage of the car, but also the local market and the vehicle's condition. As a result, the fair market value of the taxpayer's car may be substantially different than the average price listed in an established used car guide.
You should also keep appropriate records to substantiate the value of your gifts. For example, for any single gift of $250 or more, you must have a written acknowledgment from the charity by either the date you file your tax return or by the filing deadline, including extensions, whichever is earlier. If you donated property valued at more than $5,000 you must get a qualified written appraisal.
You may find more help with donations in the Internal Revenue Service's (IRS) Publication 526, Charitable Contributions. A second reference, the IRS's Publication 561, Determining the Value of Donated Property, answers many of the questions donors have when they make non-cash contributions.
How
can you help and donate?
Top
of page
|
Copyright © 2001 The Gifted Learning Project. All
rights reserved.
|