Your tax-deductible, charitable contributions are vital to the Abilities Foundation's mission. MAKE A DONATION NOW USING YOUR CREDIT CARD by calling or e-mailing Frank De Lucia at 727-600-8900 or firstname.lastname@example.org.
Gifts of Cash — Contributions made with cash, checks, or credit cards are the easiest and most popular methods of giving. VISA, MC, AMEX, Discover cards accepted.
Matching Gifts — Many companies have programs that will match your gift to the Abilities Foundation on a dollar-for-dollar (or more) basis. Check to see if your employer, or company from which you have retired, participates.
Memorial Gifts — A wonderful way to pay tribute to a deceased relative or friend. These gifts are often made in lieu of flowers, or as a special remembrance. Families of honorees receive notification of your gift.
Commemorative Gifts — Why not commemorate a birthday, holiday, anniversary, or graduation with a gift in honor of a loved one? Won't people be surprised when they receive a letter from us advising them of your admiration?
Abilities Foundation Circle of Honor — Benefactors who contribute $1,000 or more annually qualify for and are publicly recognized at the Circle of Honor Donor Recognition function.
To make a contribution by mail, please make your check payable to the Abilities Foundation and forward to Mr. Frank De Lucia, Abilities Foundation, 2735 Whitney Road, Clearwater, FL 33760-1610, or call 727-538-7370, Ext. 345.
Year-end gifts of
cash vs. stocks
hope you'll consider a year-end gift to the Foundation. Gifts of cash are fully
deductible up to a maximum of 50% of your adjusted gross income. And we always
welcome cash contributions. However, if you donate stocks or other assets that
have gone up in value and you've owned them for longer than 12 months, it's
generally more beneficial to contribute stocks than cash. This is because a
gift of appreciated stock offers a two-fold tax-savings: first, you avoid
paying any capital-gains tax on the increase in value of the stock; second, you
receive an income-tax charitable deduction for the full fair-market value of
the stock at the time of the gift.
Do you need a will?
conversations with friends of the Foundation, we've learned that many do not
have a will, or they have a will that hasn't been updated for a number of years
and does not reflect their present wishes and circumstances. Do you need a
will? Is it important that it is current? The answers are a definite YES! If
you wish what you have accumulated will be distributed as you desire, and not
as someone else, usually the state, determines, you must have a current will.
The answer is also a definite YES if you wish to avoid problems for your heirs
and save on costs. And the answer is also a definite YES if you wish to include
a bequest — which we hope you do — to help the Abilities Foundation or another
favorite charity. A bequest has been rightly called the 'The Last Act of
Stewardship,' as it is a final opportunity to express thanks for the many gifts
we've received throughout our lifetime. Please be certain to seek the advice of
your attorney and tax advisor when planning how your assets will be
distributed. And as you create or revise your will, kindly keep the Abilities
Foundation in mind. There are many ways to ensure that you provide for your
family and loved ones AND help to further our mission to improve the lives and
families of Floridians with disabilities.
Giving through memorials
gifts to the Foundation are a wonderful way to pay tribute to a deceased
relative or friend. Often made in lieu of flowers or as a special remembrance,
these thoughtful gestures underscore your support of our mission. Why not
commemorate as well, a birthday, holiday, anniversary, or graduation with a
tax-deductible gift in honor of a loved one? Won't people be surprised when
they receive a letter from us advising them of your generosity and admiration?
Use corporate matching gift programs
president Dan Mettee took our corporate matching gift advice to heart. As a
retired Levi Strauss executive, Dan inquired about matching gifts and was told
that his volunteer hours might quality. He submitted an application based on
the number of hours he logged for the Abilities Guild last year. Shortly
thereafter, the Abilities Foundation received a $1,600 contribution from the
Levi Strauss Foundation in recognition of Dan's volunteerism! "I really
didn't know what to expect," he said, "but I was so pleased they
acknowledged my support of the Guild." Many thanks to Dan for pursuing
this wonderful opportunity. Insofar as many corporations match charitable
contributions, we strongly encourage you and your spouse to inquire with your
current employer or company from which you've retired. A dollar-for-dollar
match or gift in recognition of your volunteerism is a quick and painless way
to support our work. Call Frank De Lucia at 727-600-8900 for more information
and a list of corporations with matching gift programs.
Help with planning
for issues related to aging
of us are or have relatives who are at a point in life when it becomes
necessary to plan for or deal with issues related to the aging process, such as
illness, incapacity, assisted living, nursing homes, Medicaid, and asset
preservation. These issues can be complex and often require the aid of
professional advisors. The Foundation has assembled a group of professionals
who can be a resource to you and your family when you encounter such needs.
Elder law attorney Sean A. Scott is a member of our advisory council. To attend
any of his free lectures on issues related to aging call 727-539-0181.
Community Contributions Tax Credit
corporate taxpayers who help our Homes For Independence program acquire or
improve residences for Floridians with disabilities classified as having low
income may qualify for the Community Contributions Tax Credit, which, when
combined with state and federal income-tax deductions, can reduce the after-tax
cost of their donations to 29¢ on the dollar! Sounds too good to be true, but
isn't. A brief application that we complete and submit does it all. Among those
who've utilized the credits are Raymond James, Tech Data, and Jim's
Harley-Davidson. To support affordable, accessible housing and take advantage
of this extraordinary tax incentive, call Frank De Lucia at 727-600-8900 for
Philanthropy through life insurance
tax-wise method of support of the Foundation is a gift of life insurance, which
may be an option for people who no longer need the financial protection of an
existing policy. Assigning a life insurance policy to or designating the
Abilities Foundation as charitable beneficiary is an easy way to make a
substantial gift without reducing current assets. Also, you may qualify for an
immediate income-tax deduction. For more information, consult your tax advisor
or call 727-538-600-8900 and seek the guidance of professionals on the
Foundation's Planned Giving Advisory Council.
Join the Foundation's planned giving advisory council
The Foundation is inviting professionals to join the advisory council that helps
guide and direct its planned giving outreach. We are seeking trust officers,
CPAs, certified financial planners, life and long-term care insurance
specialists, bankers, attorneys specializing in estate planning, wills and
trusts, taxation, and elder law, and others professionals willing to assist us
in this important initiative. Advisors will help write or select planned giving
articles and brochures; host seminars on wills, trusts, gift annuities, elder
life issues; ensure that outreach is accurate and consistent with industry and
ethical standards; and serve as resources to donors seeking professional advice
and fee-based services. Only with the experience and expertise of planned
giving professionals can we continue to alert benefactors to methods by which
tax-wise support of our mission can help them achieve their estate planning
objectives and provide for the Foundation. For more information on a
substantive volunteer opportunity, call Frank De Lucia at 727-600-8900.
Ease a veteran's transition from homelessness to apartment life with a
An alarming number of disabled veterans are homeless or living in substandard
housing. Even after veterans qualify for subsidized housing assistance from the
VA, most don't have basic essentials like coffeemakers, crock pots, pots 'n
pans, dishes, linens, and towels. Unwilling to accept this reality, the
Abilities Guild established the Veterans Mall, a large storeroom of household
items given for free to disabled veterans and their families. To date, 172
veterans have been served, but the demand for items far outweighs the supply.
Kindly consider making a tax-deductible contribution to the Foundation. Your
gift will be used to purchase kitchen and bath essentials at discount prices
and ensure that veterans will have the basics they need to a successful
transition to community life.
Avoid becoming a victim of identity theft
theft occurs when someone uses another's personal information without their
permission to commit fraud or other crimes using the victim's name, Social
Security number, or other identifying information. When it comes to federal
income taxes, taxpayers may not be aware they have become victims of identity
theft until they receive a letter from the IRS stating more than one tax return
was filed with their information or that IRS records show wages from an
employer the taxpayer has not worked for in the past. Recent accounts in the
news underscore just how difficult it can be to rectify the situation with the
IRS, banks, and credit card companies.
Is your will up-to-date?
A properly executed will is an essential part of your estate plan. If you have a
will, and you certainly should, it's important to review it periodically to
ensure it accurately reflects your current circumstances and wishes,
particularly if your financial or personal situation has changed. Occurrences
that might necessitate a change in your will include marriage, divorce, new
children, death or incapacitation of a beneficiary or personal representative,
moving out of state, reverse of financial fortune, or tax law revisions. It is
advisable to have an attorney competent in developing and executing estate
plans prepare or revise your will. For information on how to provide for your
loved ones and the Abilities Foundation through your will or bequest, contact
Frank De Lucia at 727-600-8900.
Matching gifts can double your donation!
companies, Johnson & Johnson for example, have programs that will match
your gift to the Abilities Foundation on a dollar-for-dollar (or more) basis.
Employees, retirees, or spouses may qualify. When you contribute to the
Foundation, ask if your employer or company from which you've retired
participates. The process is simple. Advise them that you've made a donation to
the Abilities Foundation, 2735 Whitney Road, Clearwater, FL 33760. The company
will ask us to verify your gift by mail or online and will send us a matching
donation. Call Frank De Lucia at 727-600-8900 for a list of companies that
match gifts. Some employers, like Levi Strauss, will even donate to us in
recognition of your volunteer hours!
Hope & Charity newsletter is dedicated to benefactors who invest in the Abilities
Foundation’s vision and mission. Your faith
in our ability to improve the lives of Floridians and military veterans with
disabilities inspires us; your kindness provides people with hope for a bright and prosperous future;
and your charity enables persons to
achieve their career and life goals with confidence and dignity. Through this
publication, we demonstrate the undeniable impact of your support and alert you
to tax-wise solutions to your estate planning needs.
Foundation’s vision is to ensure that Floridians with disabilities have the
opportunity to participate with dignity in everything that community life has
to offer. Its mission is to support the needs of people with disabilities
through gainful employment, independent living, affordable housing, higher
education, recreational and cultural resources, health, and accessible
For more information consult your tax advisor or call 727-600-8900.
President and CEO
2735 Whitney Road
Clearwater, FL 33760-1610
ips for Deducting Charitable Contributions
When preparing to file your federal tax return, don’t forget your contributions to charitable organizations. Your donations could add up to a sizeable tax deduction if you itemize on IRS Form 1040, Schedule A. Here are a few tips from to ensure your contributions pay off on your tax return:
1. Contributions must be made to qualified organizations to be deductible. You cannot deduct contributions made to specific individuals, political organizations and candidates.
2. You cannot deduct the value of your time or services, nor can you deduct the cost of drawings, bingo, or other games of chance.
3. If your contributions entitle you to merchandise, goods or services, including admission to a charity ball, banquet, theatrical performance or sporting event, you can deduct only the amount that exceeds the fair market value of the benefit received.
4. Donations of stock or other property are usually valued at the fair market value of the property. Special rules apply to donation of vehicles.
5. Clothing and household items donated must generally be in good used condition or better to be deductible.
6. Regardless of the amount, to deduct a contribution of cash, check, or other monetary gift, you must maintain a bank record or a written communication from the organization containing the name of the organization, the date of the contribution and amount of the contribution.
7. To claim a deduction for contributions of cash or property equaling $250 or more you must obtain a written acknowledgment from the qualified organization showing the amount of the cash and a description of any property contributed, and whether the organization provided any goods or services in exchange for the gift. One document from the organization may satisfy both the written communication requirement for monetary gifts and the written acknowledgement requirement for all contributions of $250 or more.
8. If you claim a deduction of more than $500 for all contributed property, you must attach IRS Form 8283, Noncash Charitable Contributions, to your return.
9. Taxpayers donating an item or a group of similar items valued at more than $5,000 must also complete Section B of Form 8283, which requires an appraisal by a qualified appraiser.
For more information on charitable contributions, check out Publication 526, Charitable Contributions, which is available at IRS.gov or by calling 800-TAX-FORM (800-829-3676).
* Source: IRS Tax Tip 2009-57