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Charitable Donations

Monday, August 20, 2012

Study: Red States Give More to Charity Than Blue States

The survey of 2008 data by the Chronicle of Philanthropy shows more giving in states that voted Republican; the numbers even out when donations to religious institutions are excluded.

Middle-income people gave more to charities in 2008 than wealthy people, and those in Republican-leaning states gave more than those in Democratic states, a new study by the Chronicle of Philanthropy finds. The South is first among four regions studied by the Chronicle, giving an average of 5.2 percent of discretionary income to charity, compared with 4.1 percent in the Northeast. Religious involvement plays a major role in charitible giving: When only donations to secular charities are counted, the Northeast leads, giving 1.4 percent of discretionary income to the South's 0.9 percent. (See the second PDF displayed to the right of this story's text.) The charitable giving data is searchable down to the ZIP code level in the Chronicle of …

Thursday, December 29, 2011

IRS Tips to Reduce 2011 Taxes

In the middle of rushing, don't neglect to do the important things before December 31.

The Internal Revenue Service knows that you are rushing right now to make last-minute donations to your favorite charities, which certainly helps reduce your taxes. In the process, givers may forget some obvious things, including other things that can be done to help you in this mad dash to the December 31 deadline. Here's a tip sheet from the IRS to help you out. 1. Make charitable contributions. If you itemize deductions, donations must be made to qualified charities no later than Dec. 31 to be deductible for 2011. You must have a canceled check, a bank statement, credit card statement or a written statement from the charity, showing the name of the charity and the date and amount of the contribution for all cash donations. Donations …

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