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Thanks for visiting our website and learning about our charity that helps children in China stay in school.

Monday, September 25, 2006

Grants and Stock Gifts

Since the Founding Family Foundation matching offer runs out on December 31, 2006, let me encourage you to donate now while it can still be matched. Founding Family Foundation has given us a good start, but they are turning to more individual adoption grants in 2007, and our grant with them may be reduced or even eliminated for 2007. If you intend to renew your subscription or pledge to help a child, now is the time.

Blessing Hands now has a stock account, which will allow us to accept stock donations. People who have stocks that have increased so much that their capital gains would raise their income taxes can give them to Blessing Hands instead and get a tax deduction. It is a wonderful way to give to the children and would help the donors as well. There is no need to cash out stocks and pay taxes on your profits and then give to charities when you could give the stock directly as a donation and get a handsome tax deduction. Being a public charity, Blessing Hands could use the sale price for the students and owe no taxes on the profits.