December 24th, 25th, 31st,
plus January 1st!
The Foundation Office will be close on the above
dates. However, donations can be made anytime via our
website at www.comfdn.org.
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Donate Online
to any fund by clicking on our donation button.
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The
Barnes Family still needs your VOTES!
♫ ♪ Oh, the weather
outside is frightful...but the Colts are so delightful.
All the others already know...14
and 0, 14 and 0, 14 and 0.
Oh, they don't show signs of
stopping..and the fans are really hopping.
Getting ready for the really big
show, Superbowl... Superbowl...Superbowl! ♪♪ ♫
♪
Don't forget to vote for Indiana's biggest COLTS fans,
the BARNES FAMILY, at http://callingallfamilies.com.
THEY MADE IT INTO THE FINAL 2 THANKS TO YOU!
SO THE VOTING STARTS ALL OVER AGAIN AND BEGINS TODAY &
LASTS THROUGH JANUARY 3, 2010!
Now, it's our Indiana Barnes Family vs. a Reno, Nevada
Family. Indiana deserves this win! Vote often!
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Boost Tax-Deductible
Expenses
Donate
to charity.
It pays to be charitable, especially at the end of the year. Donating
with cash,
check, or credit/debit cards is always a good idea. You can also donate stock,
property, household goods, clothing, and other items depending on the
specific charity. Under the Pension Protection Act, you will need a written
receipt
for all charitable donations and donated items must be in good
condition. You can also deduct the cost of driving for charity at 14
cents per mile. But, you cannot take a charitable
deduction for the value of your time or services when
volunteering.
Giving money away to a worthy cause is a great tax
strategy to implement
at the end of the year. For one
thing, you'll be able to assess how much money you have left over to
donate, and secondly you're in a
better position to estimate your itemized
deductions to find out if you are eligible to itemize and how much
extra deductions you might need to tame your tax liabilities.
Charitable donations
are tax-deductible, but only if you itemize.
If your itemized deductions don't even come close to your standard
deduction amount, then you'll benefit more by taking the standard
deduction and forgoing the
charitable deduction. If you are close to itemizing, giving to charity could push you over the
threshold, thus making you eligible to deduct a wide range of
expenses from medical bills to tax preparation fees.
As a reminder, charitable donations must be made by
December 31st at midnight. This is true wheterh you give money
or donate non-cash items.
And, as always, please call us if you have any questions
about your charitable giving for 2009 or the future. You can
reach the Foundation at 765.662.0065 or find out more on our
website at www.comdn.org.
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Just
For You
Overview of Planned Giving
Are you considering ways to benefit both family and
charity in your estate? Would it be helpful to learn more about
charitable plans that offer both benefits? Click here
to receive your A Guide to Planned Giving brochure.
Personal
Planner
Gifts of Homes
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Most families purchase their
largest personal residence in their mid-forties. Families with
children often need the additional space. Other families think they
want to purchase a home that they can enjoy for many years.
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Savvy
Senior
How to Make
Home a Safer Place for Seniors
Dear Savvy
Living,
My parents have lived in the same house for more than 40 years and
plan on living there the rest of their lives. The problem is, their
house is two-stories and isn't very practical for seniors. What
resources can you recommend that can help my elderly parents stay
safe and stay put, on a limited budget?
Washington
Hotline
Estate Tax --
Repeal in 2010 and Return in 2011
On December 3, 2009, the
House passed the Permanent Estate Tax Relief for Families, Farmers
and Small Business Act of 2009. The act would make permanent the $3.5
million estate tax exemption and the 45% estate tax rate.
Finances
Boeing
Dreamliner Flies But Faces Challenges
Boeing's Dreamliner plane took
its maiden flight this week after two years of delays in research and
development. The new 787 plane departed Paine Field in Everett,
Washington.
Big Rally in
the Bond Market this Week
Treasury prices fell with yields
rising to new highs this week in the bond market's biggest rally in
two months. Signs of weakness in the global economy renewed interest
in the dollar (which also rose this week) U.S. government debt.
Mortgage Rates
up Again
Freddie Mac reported 30-year
mortgage rates up again this week, but still below the 5% threshhold.
The 30-year fixed-rate mortgage (FRM) averaged 4.94 percent%, up from
last week when it averaged 4.81%.
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We know many of our donors will be celebrating
Christmas this week. I thought this poem was not only funny,
but oh, so true. Merry Christmas!
Christmas Chill
Enjoy your Christmas day in peace,
Avoid any kind of quarrel or wrangle.
Chill out, relax and enjoy the day,
And don't get your tinsel in a tangle.
Building a Tradition of
Giving,
Dawn Brown, CFRM
Community Development
Officer
Community Foundation of
Grant County
Feel free to visit
www.comfdn.org/donors.htm for present and past eNewsletters and
articles.
Our website is open 24
hours a day!
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Community Foundation of Grant County is confirmed in
compliance with the National Standards for U.S. Community Foundations
by the Council on Foundations.
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Note:
Articles, commentary and other materials in the GiftLegacy system are
included solely as educational information. Since articles may not
always reflect the current AFR or tax law, it may be necessary to run
any illustration with a current version of Crescendo Software to
obtain updated information. If professional services are required,
all persons shall consult with their qualified professional advisors.
Tax Quotes are courtesy of Jeffery L. Yablon, Washington, D.C.
© Copyright 1999-2009 Crescendo Interactive, Inc.
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