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How to make contributions to the Saint Andrew
Society of the State of New York |
You can donate to the St Andrews Society of the State
of New York directly by check, credit card or other vehicles noted on
this page (click the icons to access these facilities)
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Making the most of your contributions also means knowing about
matching gift programs and your tax benefits. We are registered with
the IRS as a 501(c)(3) organization and have been given tax-exempt
status.
- What does it mean to be a 501(c)(3) organization?
- Matching Gift Programs
- What is my tax benefit for charitable
contributions?
- How can I take a deduction for my donation?
- Do I need a receipt for donations I make?
- Do I need any acknowledgement for donations under
$250?
- For donations over $250, what information does
the receipt need?
- Can I take a deduction for volunteering my time
and services?
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What does it mean to be a
501(c)(3) organization?
For the St Andrews Society, this means we can accept contributions and
offer donors a tax deduction for their gifts. For donors like you,
this means your contributions are fully tax-deductible to the amount
allowed by law.
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Matching Gift Programs
Many companies have programs through which they will "match" the
charitable contributions made by their employees. Through corporate
gift matching, your employer can multiply your gift to the St.
Andrews Society, making it go further.
Check with your company's Human Resources office to
see if they offer gift matching. (If they don't, you may want to ask
your company to start one.) If your employer does offer this
program, your Human Resources department should provide you with a
matching gift form to send to the St. Andrews Society along with
your donation. Complete this form and mail it with your donation to:
Saint Andrew’s Society of the State
of New York
150 East 55th Street, Suite 3
New York NY 10022
Our office will verify receipt of your gift and
return the form to your company for matching funds.
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What is my tax benefit for
charitable contributions?
The chart below gives the deduction for a single person in each tax
bracket making a cash donation of $100. The instructions for the
1040 Form will help determine the exact amount of your deduction,
which will vary depending on your tax bracket and whether you file
as a single person or jointly.
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Tax Bracket
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Donation Amount
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Benefit |
Out-of-Pocket Cost
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10%
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$1000
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$100
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$900
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15%
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$1000
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$150
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$850
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25%
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$1000
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$250
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$750
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28%
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$1000
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$280
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$720
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33%
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$1000
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$330
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$670
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35%
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$1000
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$350
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$650
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CHARITABLE
EVENTS:
For a charitable event, only a portion of the ticket value is
deductible. The portion that is NOT deductible is the value of the
goods or services that you receive (e.g. dinner, entertainment,
etc.). The rest is deductible. For example, if you pay $150 for an
event, and the benefits received are worth $60, the tax-deductible
amount is $90. The society will advise you of the exact value of the
benefits for each event.
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How can I take a deduction
for my donation?
To claim a deduction, you will need to fill out a 1040 Form, which is
available through the IRS website, and itemize your deductions on
Schedule A. If you fill out the short form or take standard
deductions, you cannot claim your contributions.
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Do I need a receipt for donations I make?
The IRS doesn't require receipts for cash donations under $250, but
you should keep donation information on file. Cash contributions of
$250 and over require an acknowledgement that must be sent to the
IRS with your tax returns.
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Do I need any acknowledgement for donations under $250?
Though the IRS doesn’t require receipts for donations under $250, it
is a good idea to keep this information on file. Be sure to keep the
canceled check, credit card statement, or email receipt. Always note
the donation amount, the date of the contribution, and the name of
the charity.
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You will also have to submit your receipts to the IRS
by the due date for tax returns OR by the date you file your tax
returns for the year in which you made the donation, depending on
which one comes first.
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Can I take a deduction for volunteering my time and services?
You cannot deduct the value of time or services to a charitable
organization, but you can deduct any hard costs associated with that
volunteering, such as the gas or bus fare it costs to get there.
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