Year End Giving
Tis the Season!
Only a few weeks left before it’s 2019… but don’t worry, there is still time to make an impact for families with seriously ill or injured children by making a charitable gift to Ronald McDonald House Charities of the Intermountain Area (RMHC).
2018 has been an incredible year of growth and outreach in support of families with hospitalized children, and it’s not over yet! Your gift can reach hearts and help families be stronger together in times when they need extra support.
We are honored to report that Ronald McDonald House Charities of the Intermountain Area has once again received the top 4-star rating (4 out of 4) from Charity Navigator. This rating is awarded to non-profits with practices of sound fiscal management and commitment to accountability and transparency that exceed industry standards and outperform similar charities. We are also pleased and truly honored to have been recognized by Business.org as the best charity to donate to in Utah. Our donors are the heart of our sustainability as an effective organization, and the key to ensuring that families of hospitalized children can still find themselves at home.
Below are several ways to make the most of your year-end support:
Show Your Holiday Spirit
When the holiday season ramps up, charitable giving also increases. The season and its traditions are filled with messages of gratitude, generosity and a spirit of helping others less fortunate. Inspired by the giving spirit, many people not only shop for gifts for friends and family, but direct their money to favorite charities as well. Holiday giving offers a wonderful opportunity to demonstrate to children gratitude and compassion for others. Choosing a charity together can be a bonding experience for families.
Share the Wealth
Year-end bonuses may also play a role in the decision to make contributions in the last few weeks of the year. Many individuals may receive annual incentive compensation bonuses at the end of the year and make decisions on charitable giving based on their award.
Appreciated stock can also present an individual with an opportunity to share income while receiving tax benefits. Donating appreciated property, for example shares of stock, to a qualified charitable organization may allow an individual to take a deduction on their income taxes for the full fair market value of the donated assets. This is a great way to maximize the value of a donation to the receiving organization, in a tax efficient way to the individual.
There are many ways to get involved… but here are a few:
- Volunteer at the House or Family Room
- Donate your Vehicle, Boat or RV
- Collect Wish List Items
- Stock our shelves at the House, Family Room or Hospitality Carts
- Choose us on your Smith’s Rewards Card or sign up on Amazon Smile
- Sponsor an Event or host your own Fundraiser
- Make a Meal for the Families
- Collect Pop Tops
- Adopt A Room at the House or Family Rooms
- Become a Grand Giver – click here for a brochure
- Make a Memorial or Honorarium Gift
- Make a Legacy of Love Planned Gift– click here to learn more
- Donate for a Family to stay for one night, one week or one month
- Get your Company Involved / Matching Gifts / Volunteerism / Fundraisers
- Click here to learn more on how to Get Involved
Year-End Tax Planning
The most important new development affecting 2018 year-end planning is the legislation, popularly known as the Tax Cuts and Jobs Act that was enacted late last year. It will cause many people to confront the question of whether to itemize their deductions or to take the standard deduction, a decision that was relatively easy in the past. That’s because the standard deduction was almost doubled, to $12,000 for single taxpayers and $24,000 for couples filing jointly.
Those who make the largest contributions to charity will still itemize; their philanthropy alone is likely to exceed the standard deduction. The issue of whether to itemize arises for those whose total deductions will be less than – but close to – the standard deduction:
- Should you find more deductions so that they can exceed the standard deduction and itemize?
- Or should you try to lower taxes by reducing taxable income for the year?
Whether you decide to itemize or to take the standard deduction, creative charitable gift strategies can help with your year-end tax planning.
Make a Difference – Donate Today
Your gift makes an immediate impact for caregivers, parents, siblings, and pediatric patients – and the TIME IS NOW! It is through the support of our generous community that we are able to help families hold on to precious time together.
Don’t let 2018 pass you by… please consider making a gift to RMHC today!
To learn more about Ronald McDonald House Charities and how you can get involved, visit us at: ronaldmcdonaldhouseutah.org.