The Lewis Foundation UK’s Post

People who want to claim deductions under section 80G need to ensure that the organization they are donating to falls under the purview of this Act. Only the donations made to registered and valid charitable institutions qualify for suitable deductions. Trusts and charities need to be registered under Section 12A post which they qualify for the 80G certificate. Individuals are advised to check the credentials of an organization before donating to it. #charitydonations #incometax #section80G #taxbenefits

Did you donate to charity last year and plan to claim your contribution on your 2023 taxes? You must submit a letter from the organization confirming your donation. Access the full article to learn what should be included in the letter, and other requirements for non-cash donations and donations valued under $250. #Charity #Donate #Donations #TaxDeductions #ClaimingCharityDonations

🙌Forty-percent of donations are given to charity during the last few weeks of the year. How do you know if your money is going to the right place? #BBB accredited charity, The Salvation Army of Connecticut and Rhode Island, helps us identify the red flags of charity scams in this episode of "Trust Talks." Plus, we'll look at a recent give.org survey focused on why people say they've stopped giving to charity: https://lnkd.in/esjeGW96

If you're a small charity, it'd be brilliant if you could spare a few minutes of your precious time to complete this survey on what the future of infrastructure support for small charities should look like ⬇ It's your chance to explain what topics/themes are most important for your org, how your needs have changed over time, and how support should be structured and costed. This will not only help to shape the future of small charity infrastructure support, it'll also help the sector to build a stronger case for support for why this is needed. This is vital, because, at present, infrastructure support is hugely underfunded. Here's the survey link: https://lnkd.in/e6Uz5QEe

Some charitable donations come with limitations imposed by the donor, but there are times when a fund’s purpose may become unlawful, impossible, impracticable or wasteful. What happens when a charity wants to use these funds, but the donor has died and there are no donor representatives available to consent to changes to the restrictions? In the latest issue of Corporate Insights, Peter Martin discusses the various legal doctrines that apply to releasing fund restrictions and the techniques available to charitable organizations https://lnkd.in/g9GP4Q5J #NonProfit #CharitableDonations #Charities

Learn how to safeguard yourself from fraudulent charity scams and ensure your charitable donations are tax-deductible. Explore our latest blog for some essential insights! #lifetimetaxadvisors #charityscams #taxtips #taxhelp https://lnkd.in/gXVcZASk

Did you know that charitable organisations in England can obtain a mandatory 80% reduction in business rates on any property it occupies and uses wholly or mainly for charitable purposes. To find out more about charity rates relief, read our latest edition charity newsletter here ⬇️ https://lnkd.in/dgTefFf3 #charityratesrelief #businessrates #autumnspotlight

As we enter into Ramadan, many observing the sacred month will be thinking about making gifts and donations; and indeed many charities have begun to ask for Fidyah and other donations. Ramadan is a month of exceptional generosity in the Muslim community; and it is right that participants look to make sure their money reaches the right recipients. The Charity Commission for England and Wales has launched a "Donate with Confidence" campaign and it is well worth sharing this useful advice: https://lnkd.in/e-StjTxc For those who are donors, it provides a great starting point for thinking about how to donate, whilst for those in the sector who may be the recipients of funds, it provides a guide to the very legitimate questions your donors may be asking. #charity

If your summer chore list includes cleaning out the garage and closets, you might have items to donate to a local charity. That’s not only generous, it might lead to tax savings (if you itemize deductions on your tax return). You’ll need to secure proper documentation from the qualified charities you donate to. Noncash donations of less than $250 must be supported by a receipt, showing your name, address, date of donation and detailed descriptions of the items. For donations valued at $250 to $500 you must also obtain a “contemporaneous written acknowledgement” from the charity. Click here for more details, including documentation needed for higher value donations: https://bit.ly/3yvZKD4 #CharitableDonations #TaxSavings #IRS #TaxDeductions #SummerCleaning #TaxTips

Multiply the impact of your charity in Dhul Hijjah's first 10 days and attain numerous rewards. Automate your donations effortlessly in 3 simple steps: Step 1: https://lnkd.in/dT7uRr5d Step 2: Select the preferred cause Step 3: Split your donations and secure your rewards