• Some assets will benefit you if you contribute to an eligible 501 (c) 3 entity than giving to a family member.
• If you were to give your IRA funds to your family after your time, 75% of the funds may go as taxes.
• By giving appreciated securities or real estate to your charity, you can receive higher tax benefits without capital gain.

The world renowned statement “I am, because you are” profoundly reminds us that every good facet of our life today has been affected by the caring and vision of another person. And Sanma is a channel through which you can impact another life, even another generation, with your generosity and compassion.

By using the benefits of the tax laws, your charitable gifts can help you reach your financial goals also. Sanma is a non-profit organization recognized by the IRS as a 501 (c) 3 entity. Contributions to Sanma are tax deductible as permitted by the law.

Gifts of Cash: This allows you to maximize your charitable deduction on the immediate term. Cash is the simplest donation and provides immediate benefits. Gifts of cash include currency, personal checks, money orders, credit cards and wire transfers. Your contributions to Sanma are completely tax deductible. You can make up to 50% of your adjusted gross income each year, and that whole amount is non-taxable. If you give more than 50% of your AGI (adjusted gross income), the amount in excess of 50% can be deducted only next year.

Example, say your adjusted gross income in 2008 is $100,000. You gave 50,000 to eligible charity. You can claim all 50,000. But if you give 60,000 out of 100,000 in 2008, you can deduct only 50,000 in 2008. The credit for the remaining 10,000 of your giving goes to your taxes next year.

Sometimes these conditions can cause a bit confusion. If you feel so, call us, or talk with your tax advisor, or seek information from the IRS, or any local CPA firm will answer your questions.

Sanma Relief & Development
Donor Relations
5840 West Interstate 20, Ste 140
Arlington, TX 76017

Appreciated securities

Contribution of appreciated stocks and bonds allows you to avail one of the best tax incentives available. When qualified charitable donations are made using appreciated stocks, you are eligible to deduct the current value of the stocks rather than your actual cost. This allows you a larger tax break. Sanma will work with your broker to make a gift of securities simple. When you need a larger tax break without a large cash contribution, the gift of appreciated stocks makes sense.

Real estate

Gifts of real estate also allow you to receive the full credit for the net market value of the property, entitling you for a higher deductibility than your original cost. Gifts of appreciated real estate also allow you a larger tax break without a large cash contribution.

Retirement Account: Gifts of retirement accounts are subject to double taxation when given to a family member. Over 75% of the account value may go to taxes, significantly diminishing the value of your gift. Contributing such accounts to qualified organizations enables you to maximize your impact. New regulations have simplified the procedure to name organizations such as Sanma as beneficiary.

Business interests