Methods of Giving
This information is not intended as tax advice. A competent tax advisor should be consulted.
Here are some methods of giving that you should consider. Remember that donations to Chabad of Mid-Peninsula are 100% tax deductible (speak to your accountant to see how this will benefit you on your return).
Auto Donation - If you are planning to purchase a new vehicle in the next few months donating it to Chabad of Mid-Peninsula can bring you a greater value on your tax return. Your tax donation value would be evaluated based on www.KBB.com while selling it on the open market may bring you 30-40% of that value.
Real Estate Donation - You may have real estate that has depreciated in value. You can get the full appraised value for that real estate even if you couldn't sell it for that amount.
Appreciated Stock - Due to the shifts in the market over the past year you may have appreciated stock. Donating (transferring) the appreciated stock directly to Chabad of Mid-Peninsula helps you avoid capital gains tax while getting you a donation credit at 100% of the stock value.
Cash (or check or credit card) - Of course good old fashion donations via check, credit card or wire transfer to Chabad of Mid-Peninsula all can benefit you on your tax return. Speak to your tax advisor to see exactly how your contribution can benefit you. Donations to Chabad of Mid-Peninsula can be made by CLICKING HERE or via mail.
Airline Miles - Donating airline miles or AMEX award miles or similar award programs is now considered a charitable contribution eligible to be deducted on your taxes. For this or for information on any other contribution please contact me.
Matching Grants – If you work for a large corporation or are required to give to United Way through your company your contribution may be matched by your employer. Chabad of Mid-Peninsula qualifies for these matches because of some of our social program.
The real value of your contribution is above and beyond the cash value as your dollars are directed to helping us achieve our mission to inspire every Jew regardless of affiliation or background and to provide opportunities for Jewish education and experience.
May you and yours be blessed with material success, health and nachas.
Feel free to email or call 650.232.0995 if you need more information on any of the above.
This information is not intended as tax advice. A competent tax advisor should be consulted.