Charity Fundraising
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Part 91 Commercial Glider Rides to be Outlawed?
(10 Messages)
The following is from an AOPA post and I have no further information yet. I assume that they are talking about eliminating 135.1(5) which allows nonstop sightseeing flights within a 25-mile radius. This is bread & butter for a lot of soaring schools and would be a serious blow to our sport. Commercial glider rides are also an avenue that introduces thousands of people a year to our sport, including myself. I assume that the charity flight restrictions would also crimp some club operations. S ...
Charity Fundraising Company
(9 Messages)
Hi Is it possible to create an organization in the United States with limited liability that runs like a business, where all the profits are given to charities, without paying taxes? I've read that corporations and LLCs can donate up to fifty percent of their profits to a charity without it being taxed, but I would like to know a way to give 100%. I am thinking of a small owner-operated organization. Please let me know if you know of a way to do this. Thanks! Deckard
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In the Community The attorneys and staff at Black, Srebnick, Kornspan & Stumpf are committed to community involvement and helping those in need. For example, every year Roy Black and his wife, Lea, organize a charity ball for ICARE Bay Point Schools, Inc. The "Blacks' Annual Gala - 2006" raised more than $2,250,000 for the unique boarding school that rehabilitates juvenile delinquents by focusing on education, strong leadership and accountability. Since Roy and Lea became involved in the fundraising for the Bay Point Schools, they have helped to raise over two million dollars for the school. ...
Blues In The Schools FAQ How does Blues In The Schools actually help at risk students? Here's what a psychotherapist has to say about BITS: Rachele Goldman, CSW (licensed social worker) currently working as a psychotherapist at a residential treatment facility for emotionally & behaviorally disturbed kids in New York. Rachele also coordinated community service for juvenile delinquents. "Some therapists actually use music as a form of therapy. This project may have the same effect for the children at risk that you want to reach. Music, like other forms of art, can be an outlet for the expression of all kinds of emotions ...
Heads Up #92 Imagine this. You make the mistake of buying an airplane ticket with cash -- behavior that is deemed to fit a drug courier profile -- so you are detained and searched. No drugs are found, but the agents seize the cash in your wallet saying they have "probable cause" to believe that the money was intended to buy drugs. You are allowed to leave and are not charged with any crime, but the agents keep your property.
What recourse do you have to get your property back? Very little, because the law treats the property, rather than you, as the offending object. None of the Constitutional or procedural safeguards of the criminal law are available, because you are not being threatened with a deprivation of liberty. In fact, the law doesn't require that you ever be charged with a crime. You have to prove a negative, that your property was never used in a crime, that it was "innocent" But the alleged criminal conduct needn't even involve you -- it could just as easily be a crime allegedly committed by the previous ...
Non Profit Organizations, Non Profit, Donation to Nonprofits Plan Your Giving Strategy Planned giving is a career focus for many fundraisers, but it is also an activity that any individual with the desire to strategically donate to charity during his lifetime and beyond should consider undertaking. Planned giving integrates sound personal, financial, and estate-planning concepts with your plans for lifetime or testamentary giving. A planned gift has tax implications and is often transmitted through a legal document, such as a will or a trust.
Save Income and Estate Taxes If you want to give to charity from your pension plan account or IRA, you can save income and estate tax by making these gifts through your will. Even after your death, the person or who receives the pension or IRA money has to pay income taxes on that money unless the recipient is a charity. If you have already provided well for family members, a posthumous gift of a pension or IRA to a charity both reduces your estate and helps reduce estate taxes and avoids the income tax that your heirs ...